Dassault Systemes lifts net 38%, but concern mounts about 1999

Article Abstract:

Dassault Systemes, a developer of computer-aided-design and -manufacturing software, has reported net profit of 149.8 million French francs, or $27.3 million, for the third quarter of 1998, up 38% compared to the 108.7 million francs it reported in 1997 for the same quarter. Revenues at Dassault Systemes during the quarter reached 700.8 million francs, up 34% from 524.9 million francs in 1997 for the same period. The strong financial results posted by the company came despite the existing global financial problems. However, analysts expressed concern regarding how the economic crisis will affect investment worldwide in 1999.

Comment:

Posts net profit of 149.8 mil French francs for 3rd qtr of 1998, up 38% than 108.7 mil francs it reported in 1997 for same qtr

Computer Services NEC, Computer Systems Design and Related Services, Information technology services, Dassault Systemes S.A.

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Air France CEO sees stock sale early in 1999

Article Abstract:

Air France Group Chairman and CEO Jean-Cyril Spinetta expects to see a sale of a minority stake in the airline in January or February 1999. The French government is expected to proceed with its plan to divest around 20% of the carrier, after it was hampered by a pilots' strike in the company. Air France, in its negotiation with its pilots, agreed to sell a maximum of 12% as the pilots agree to salary freezes and education cost repayments. In another development, Air France has been invited to join the creation a global alliance of airlines, but the airline said that it is keeping its options open.

Comment:

Chairman & CEO Jean-Cyril Spinetta expects to see sale of minority stake in the airline in January or February 1999

Asset sales & divestitures, Scheduled Airlines, Scheduled Air Transportation, Airlines, Air France KLM S.A.

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Total is upbeat as its net for 1st half comes in flat

Article Abstract:

Total SA of France is upbeat as it posted total net profit of 3.97 billion French francs, or $676.1 million, for the first half-year indicating an excellent performance in the face of low crude-oil prices. The net earning is slightly down from 3.98 billion French francs in the same period in 1997, while revenue declined by 15% to 82.34 billion francs. Total chairman Thierry Desmarest said the petroleum firm needs no merger as indicated by its persisting profitability and output as well as rising productivity.

Comment:

Posts total net profit of 3.97 bil, or $676.1 mil, for 1st half of '98, indicating good performance despite low crude-oil prices

Petroleum, Petroleum and Coal Products Manufacturing, Total S.A.

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