Investors buy Veba, Viag shares despite disappointing earnings

Article Abstract:

Investors bought shares from Veba AG and Viag AG amidst sagging income results for the first quarter due to reports of the two companies' forthcoming merger. Veba posted a 5% drop in its net income to 604 million euros while Viag reported a 24% drop to 200 million euros.

Diversified Companies, Veba AG

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Deutsche Telekom reports higher operating earnings

Article Abstract:

Deutsche Telekom AG's operating earnings for the first nine months of 2001 were slightly better than expected, but analysts were still cautious. The company stated it would probably report a net loss for the full year.

Deutsche Telekom AG

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Viag's earnings fell 14% in first half

Article Abstract:

Viag AG posted a decline of 14% in its pretax profits for the first-half of 1999. The company's profits fell due to telecommunications division start-up costs and price pressures in the energy sector. Viag posted 1.8 billion marks (920.3 million euros) in pretax profits for the period. During the same period in 1998, the German utility group reported 2.1 billion marks in profits.

Comment:

Posts decline of 14% in pretax profits for first-half of 1999

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