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Italy's Sogefi says H1 profit up 4 pct
July 23, 2013 / 11:09 AM / 4 years ago

Italy's Sogefi says H1 profit up 4 pct

MILAN, July 23 (Reuters) - Italian car parts maker Sogefi on Tuesday reported a nearly 4 percent rise in first-half net profit, boosted by a stronger second quarter and a positive performance in its non-European markets.

Net profit for the six months to the end of June was 16.2 million euros ($21.4 million), while revenues fell 0.7 percent to 681.7 million euros.

The company said it expected a slight growth in the global car market for the full-year, although production and sales in Europe are expected to remain weak.

$1 = 0.7580 euros Reporting by Agnieszka Flak, editing by Danilo Masoni

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