Alstom's profit surpasses expectations

Article Abstract:

Alstom SA posted profits that were higher-than-expected for its first complete year as an independent entity. Alstom also said that it was planning to sell off some noncore operations. The company's energy, rail, shipping, and contracting equipment saw greater demand on markets around the world. Alstom posted 303 million euros ($321.6 million) in group net profits for the year ending in April 1999.

Comment:

Posts profits that were higher-than-expected for first complete year as independent entity

Sales, profits & dividends, Finance, Abstract

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France confirms plans to bail out Alstom

Article Abstract:

The government of France acknowledged that it is bailing out Alstom S.A. The government bailout will be one of the largest in European history.

Government expenditures, Engineering services, ENGINEERING & MANAGEMENT SERVICES, Engineering for Plastic, Rubber Prodcts, Government finance

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