Michelin posts 35% rise in 2007 net, warns of rising raw-material costs
Article Abstract:
Full-year 2007 net profit for French tire firm Compagnie Generale des Etablissement Michelin increased 35% to $477.2 mil, due in part to improved operating performance and lower taxes. Revenue rose by 3%. However, the company warned that rising oil and rubber costs may affect 2008 results.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Pirelli's profit increases 7.5% ahead of tire IPO
Article Abstract:
Pirelli & Company S.p.A. of Italy posted first quarter net profit increase by 7.5 percent. Earnings were up 74.8 million Euros ($95.8 million) from 69.6 million last year. Revenue increases were reflected in the continued growth of tire, real-estate and broadband units.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Argentina's hot luxury-goods market
Article Abstract:
Argentina's strong economic growth is reflected in the increasing demand for luxury goods there. High-end retailers are opening boutiques, hoping to attract the increasing numbers of international tourists in Argentina, as well as the Argentinian middle class.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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