Tabak's profit sound, but integration hurdles remain

Article Abstract:

Austria Tabakwerke AG (Tabak) reported strong financial results for the first-half of 1999. The company is also expecting to post stable operating profits for the 1999 year. Tabak is predicting that it will post approximately 1.81 billion schillings (131.5 milion euros) in operating profits for the year. The tobacco firm is also expecting a decline of 40% in its net profits to 1.15 billion schillings and 1.20 billion schillings.

Tobacco Products, Tobacco Manufacturing, Tobacco industry, Austria Tabakwerke AG

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Saipem posted rise in profit, sales for '98; will raise dividends

Article Abstract:

Saipem SpA posted a 10% increase in its consolidated net profits to 220 billion lire ($123.8 million) for the 1998 year. In 1997, the engineering firm posted 200 billion lire in net profits. Saipem also reported 3.3 trillion lire in sales. This represented an increase from 3.2 trillion lire in 1997. The company stated that it would pay a 165 lire dividend on its ordinary shares. In 1997, Saipem paid 150 lire.

Comment:

Posts 10% increase in consolidated net profits to 220 billion lire ($123.8 million) for 1998 year

Italy, Transportation Construction, Transportation industry, Saipem S.p.A.

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VA Technologie's net rises

Article Abstract:

VA Technologies AG posted an increase of 5.6% in its net profits for the 2001 first-half. The company posted 19 million euros in net profits for the period.

Heavy construction, not elsewhere classified, Heavy Construction NEC, Heavy construction, VA Technologie AG

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