Montupet Winds-up

French automotive supplier Montupet SA, has released first half results showing a reduction in the company’s turnover. The company, which produces PAX wheels, amongst other products, This year the company’s turnover totaled 225.8 million (£157.64 million) euros compared with 236.24 million euros the year before. In contrast to this the remainder of the company’s figures show significant improvements. Thus the company’s halved its net debts from 53.33 million to 24.3 million euros, while its net profit increased from 14.92 to 18.14 million euros (£12.66 million).