Abstracts » Business, international

BOC to cut 1,500 positions as business slows

Article Abstract:

BOC Group PLC posted an increase of 3% in its pretax profits for the fiscal 2001 third-quarter. The company, which will layoff 1,500 employees due to slower business, posted 118.9 million pounds (192 million euros) in pretax profits for the period.

United States, Labor force information, Planning, Layoffs, BOC Group PLC, BOX

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BASF earnings disappoint as sales decline by 22%

Article Abstract:

BASF AG posted a drop of 22% in its sales for the 2001 third-quarter. The company posted 7.2 billion euros in sales for the period.

Germany, BASF AG, Sales

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Gains abroad help avert steep fall in Barlow's net profit for fiscal year

Article Abstract:

Barlow Ltd. of South Africa has cited growing international operations in averting a much steeper decline in reporting a lower net profit of $118.1 million for the year ended September 30, 1998. The heavy-industries holding company saw its sales increase by 5.9% to 20.54 billion rand, while pretax profit declined by 13% to 1.07 billion. Barlow' 57% of profit was raised from offshore interests, mainly attributed to continued buoyant economic activity in Europe and the US and a a downturn in key industries in South Africa.

Comment:

Cites growing intnl operations in averting much steeper drop in reporting lower net profit of $118.1 mil for year ended 9/30/98

South Africa, Financial Holding Companies, Offices of Bank Holding Companies, Article, Barlow Ltd.

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