Mannesmann expects lower net for 1999

Article Abstract:

Mannesmann AG announced that it is expecting to post reduced net profits for the entire 1999 year. The company is expecting lower profits because of its transformation into a telecommunications firm. During the first-half of 1999, Mannesmann posted a 10% increase in net profits to 250 million euros. During the same period in 1998, the company posted 227 million euros.

Comment:

Expecting to post reduced net profits for entire 1999 year

Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Abstract, Steel industry

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Mannesmann's pretax profit rises 37%

Article Abstract:

This article discusses the report of pretax profits by Mannesmann AG. The increase of 37% was fueled by the success of its telecommunications division.

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Mannesmann swings to a loss of Euro 456 million

Article Abstract:

Mannesmann AG, the German unit of Vodafone AirTouch PLC, posted an after-tax loss of Euro 456 million.

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