Renault has reported first half net income of 548 million euros (applying 2001 standards) up 54% on 2001's level (excluding exceptional capital gains). The results were ahead of forecasts and markets reacted favourably to the result. Renault's share price has since climbed. The company said that revenues were up 4.1% on a consistent basis with last year, reflecting an improved sales performance in Europe and a sharp rise in the performance of its Korean unit, Renault Samsung Motors.