SGS's 1998 loss narrower than originally forecast

Article Abstract:

SGS Societe Generale de Surveillance Holding AG posted a 289.7 million Swiss francs ($197.5 million) loss for the 1998 year. The company implemented a top management change in 1998. SGS predicted in December 1998 that it would post a loss of approximately 300 million francs. SGS posted 229.1 million francs in net profits in 1997. The company's net-cash position had fallen to 85 million francs by the end of 1998.

Comment:

Posts 289.7 million Swiss francs ($197.5 million) loss in 1998

Switzerland, Abstract, SGS Societe Generale de Surveillance Holding AG

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Cendant's earnings for first quarter beat expectations

Article Abstract:

Cendant Corp. posted higher-than-expected earnings for the 2001 first-quarter. The company posted $239 million (270 million euros) in net income for the period, compared to $69 million during the same 2000 period.

BUSINESS SERVICES

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Cendant plans to auction off National Car Parks

Article Abstract:

Cendant Corp. will auction off its National Car Parks subsidiary for a minimum price of 1.12 billion euros. National Car Parks is an operator of parking lots.

Strategy & planning, Automobile parking, Parking Lots and Garages, Parking Garages, Planning, Automobile services industry, Automotive services industry, National Car Parks

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