Case doubles net income

Case Corp, one of the world's largest agricultural and construction equipment manufacturers, has more than doubled its net income in the second quarter.

Part of US industrial giant Tenneco, Case's net income before extraordinary items was œ35 million to 30 June 1994. Net sales in the second quarter were œ710 million, 4% up on the same time last year.

Improved performance is linked with an upturn in Europe's construction equipment market, better pricing, restructuring measures begun in March 1993, and product development.

During the last quarter, Case retail sales of construction equipment in Europe grew 21%.