Renault H1 profit up 41%; 10 new cars planned

Paris

RENAULT SA's first-half earnings jumped 41 per cent as demand grew in Europe for new models including the Kadjar sport utility vehicle and Espace minivan.

Operating profit rose to 1.54 billion euros (S$2.3 billion) from 1.1 billion euros a year earlier, the company said on Thursday in a statement. That compares with the 1.44 billion-euro average of five analyst estimates compiled by Bloomberg.