Holderbank's net profit leaps, beating forecasts
Article Abstract:
Holderbank Financiere Glarus AG reported a 17% increase in its net profits for the 1999 year to 795 million Swiss francs (499 million euros). The company was expected to post 711 to 740 million francs.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Alusuisse's 1998 net profit hit record on 14% surge
Article Abstract:
Alusuisse Lonza Group AG posted record financial results for the 1998 year. The company posted a net profit increase of 14% for the year. The announcement comes just before Alusuisse's merger with Viag AG takes place. The company's net profits rose from 463 million Swiss francs in 1997 to 530 million Swiss francs ($371.5 million) in 1998. Alusuisse's sales also increased by 5.4% to 8.58 billion francs.
Comment:
Posts record financial results for the 1998 year
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Nestle sees improvement in full year
Article Abstract:
Nestle SA announced that it is expecting to see growth in both its sales and profits for the entire 1999 year. The company made this forecast despite the fact that it reported a decline of 2.7% in its sales for the first quarter of 1999. Nestle posted a drop in quarterly sales to 16.7 billion Swiss francs ($11.05 billion) compared to the same period in 1998. Nestle's sales reached 22.2 billion francs for the period.
Comment:
Expecting to see growth in sales and profits for entire 1999 year
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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