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Pirelli announces first half results

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Pirelli SpA's revenue for the first half of 2003 totaled 3 billion euros vs. 3.3 billion euros recorded during the same period last year.

Pirelli's first half operating income was 131 million euros, a 41% increase from the first half of 2002.

The Italian company's first half tire sales were 1.5 billion euros, up 1.4% over same- period 2002 sales.

Pirelli's "tire sector continues to record increasingly good results," according to Pirelli officials, and operating income growth is expected during the second half of the year.

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