British Aerospace post 24% rise in profit before tax for first half

Article Abstract:

British Aerospace PLC reported that its profit before tax and exceptional items increased 24% in the first half of 1998. The aerospace and defense firm posted 344 million pounds sterling, or US$577 million, for the first six months of the year, amidst decline of its shares due to concerns over a major contract with Saudi Arabia. British Aerospace attributes the increase to strong sales in both defense and commercial aerospace. According to the firm, sales for the first half of the year increased 9.5% to 4.24 billion pounds sterling, as compared to the 3.87 billion pounds sterling made in the same period in 1997.

Comment:

Its profit before tax and exceptional items rises 24% in the first half of 1998

Aircraft & Parts, Aerospace Product and Parts Manufacturing, BAE SYSTEMS PLC, Article

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WPP records improved results, unveils pay plan

Article Abstract:

WPP Group posted an improvement of 20% in its pretax profits for the first-half of 1999. The company posted 112.6 million pound sterling (171.1 million euros) for the period. WPP also launched an incentive bonus system that could pay as much as $100 million (94.6 million euros) over the next five years to 15 senior executives. WPP posted a 13% in first-half revenues to 1.017 billion pound sterling.

Advertising, Advertising and Related Services, Finance, Abstract, Advertising services, Marketing industry, WPP Group PLC

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