Pilkington PLC, reported a rise in half-year earnings that was in line with expectations and said European markets were improving. Pilkington reported a rise in pre-tax pre-exceptional profits of 18.2% to £78m (US$128.7m) in the six months ended 30 September 1999, (66m). Analysts had forecast profits in the range from £71-80m. "Our first half performance is encouraging," said chairman Nigel Rudd in an earnings statement. Market conditions for Pilkington's products were reportedly improving in Europe and North American markets were holding steady. However, South America continued to experience a difficult trading environment. Pilkington's building product sales were down 7%, but its European division (accounting for 60%) has seen volumes recover and prices strengthen.
