Greece's Intracom expects big jump in quarterly profit

Article Abstract:

Intracom SA of Greece is expecting to post pretax profits of five billion drachmas ($16.9 million) for the first-quarter of 1999. During the same period in 1998, the company posted 2.2 billion drachmas. Intracom is a supplier of electronics and telecommunications. The company is expecting to see a 72% increase in sales to 25 billion drachmas for the 1999 year. In 1998, Intracom posted 14.5 billion drachmas.

Comment:

Expecting to post pretax profits of five billion drachmas ($16.9 million) for the first-quarter of 1999

Greece, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications systems, Abstract, Intracom S.A.

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Marconi extends its deadline for revamp, reports net loss

Article Abstract:

Marconi PLC has postponed yet again the deadline for its comprehensive financial restructuring program. The company also posted a 198 million pounds (292.3 million euros) net loss for the fiscal third quarter.

United Kingdom, Organizational history, Management, Company sales and earnings, Company restructuring/company reorganization, Reorganization and restructuring, Company earnings/profit, Company organization, Telent PLC

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