MTU Profit Down As Crisis Hits Its OEM Business
MTU Aero Engines saw its net profit fall by more than 30% in the first six months of 2009 as the company spent more on research and development and experienced some weakness in its OEM business. MTU reached a net profit of €55.7 million (US$79.2 million) on €1.38 million in sales. Revenues were up...
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