SKF sees sales, profits rise, as US seal plant is set to close

Gothenburg, Sweden-Swedish engineering group SKF, which numbers seal maker Chicago Rawhide among its units, has reported an 11.4 percent rise in sales for the second quarter 2005 to SKr 12 750 million (Euro 1356 million). Profit before taxes for the quarter increased by 26 percent, to SKr 1320 million.

Profit for the first half of 2005 was SKr 2443 million, on turnover of SKr 24 610 million.

The second quarter’s profits were affected by one-time items, including, said SKF, a charge of SKr 190…

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