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Vallourec profit rises as expected, helped by higher selling prices

Nov 14 (Reuters) - French steel tubes maker Vallourec VLLP.PA reported an 12.3% rise in its third-quarter core profit on Friday, within its own guidance range, aided by higher selling prices and a slight increase in volumes.

Its operating earnings before interest, taxes, depreciation and amortization rose to 210 million euros ($245 million) in the July–September period, right in the middle of the 195–225 million euro range it had provided with its second-quarter results.

($1 = 0.8575 euros)

(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)

((mathias.derozario@thomsonreuters.com))

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