TNT post group's net rose 18% in '98 but fell short of forecasts
Article Abstract:
TNT Post Group NV posted an 18% increase in net profits for the 1998 year. However, the results were lower -than-expected. TNT posted 820 million guilders ($405.4 million) in net profits for the year. The company also reported a 7% improvement in sales to 16.33 billion guilders. These figures were below what market expectations were. TNT was affected by Asia's economic problems.
Comment:
Posts 18% increase in net profits in 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Baan shares tumble on poor earnings for third quarter
Article Abstract:
Baan NV, maker of business software, posted poor third-quarter earnings. The Dutch company's turnaround attempts were thwarted because of turmoil in its sector. Baan lost $25 million (Euro25.3 million) on sales of $143 million, versus a $40 million loss and $195 million in sales from the same period a year ago. These postings were lower than what had been anticipated.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Comment about this article or add new information about this topic:
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