FRANCE: Valeo swings to profit, reports H1 operating income up by 35%
Valeo has reported first half net income of 68 million euros against a loss of 185 million euros in the same period of last year. The company said that operating income was up by 34.8% to 240 million euros. Valeo said that the 'growth in the gross margin confirms the gradual improvement in profitability due to the actions implemented since the second quarter 2001'.
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