Pace Micro Technologies posts loss for latest year amid flagging sales

Article Abstract:

Pace Micro Technologies PLC reported a pretax loss of 12.1 million British pounds sterling ($20.1 million) for the fiscal year ended May 30, 1998, compared to the profit of 18.4 million British pounds sterling that was generated a year ago. The year-end results came amid declining sales experienced by the U.K.-based manufacturer of satellite and cable television decoders. Included in the profit-loss statement were the 12.3 million British pounds sterling allotted for restructuring costs. Pace said that in the absence of these costs, a profit of 300,000 British pounds sterling could have been made for the year.

Comment:

Reports a pretax loss of 12.1 million British pounds sterling ($20.1 million) for the fiscal year ended May 30, 1998

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, CATV Equip NEC, Pace Micro Technology PLC, Cable television equipment, Article

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Engine maker's net tumbled amid slump in civil orders

Article Abstract:

Rolls-Royce PLC posted a 50% decline in its net profits for the 2002 year. The company, which was hurt by a drop in civil aircraft engine orders, posted 53 million pounds in net profits for the year.

Aircraft engine industry, Rolls-Royce PLC

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French operations dampen Egg results

Article Abstract:

Egg PLC postd a 15.7 million pound (22.7 million euros) pretax loss for the 2003 first quarter. The company was hurt by lower than expected growth at its operations in France.

Commercial Banking, Functions related to deposit banking, Electronic Banking Svcs, Bank Computer Services, Electronic banking, Online banking, Egg PLC

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