Holderbank's net profit leaps, beating forecasts

Article Abstract:

Holderbank Financiere Glarus AG reported a 17% increase in its net profits for the 1999 year to 795 million Swiss francs (499 million euros). The company was expected to post 711 to 740 million francs.

Cement, hydraulic, Cement, Cement Manufacturing, Cement industry, Holderbank Financiere Glaris Ltd.

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Alusuisse's 1998 net profit hit record on 14% surge

Article Abstract:

Alusuisse Lonza Group AG posted record financial results for the 1998 year. The company posted a net profit increase of 14% for the year. The announcement comes just before Alusuisse's merger with Viag AG takes place. The company's net profits rose from 463 million Swiss francs in 1997 to 530 million Swiss francs ($371.5 million) in 1998. Alusuisse's sales also increased by 5.4% to 8.58 billion francs.

Comment:

Posts record financial results for the 1998 year

Germany, Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Primary aluminum, Aluminum, Primary Aluminum Production, Chemicals, Chemical industry, Aluminum industry, Aluminum products, Alusuisse-Lonza Group AG

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Nestle sees improvement in full year

Article Abstract:

Nestle SA announced that it is expecting to see growth in both its sales and profits for the entire 1999 year. The company made this forecast despite the fact that it reported a decline of 2.7% in its sales for the first quarter of 1999. Nestle posted a drop in quarterly sales to 16.7 billion Swiss francs ($11.05 billion) compared to the same period in 1998. Nestle's sales reached 22.2 billion francs for the period.

Comment:

Expecting to see growth in sales and profits for entire 1999 year

Food & Kindred Products, Food Manufacturing, Food industry, Nestle S.A.

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