TNT post group's net rose 18% in '98 but fell short of forecasts

Article Abstract:

TNT Post Group NV posted an 18% increase in net profits for the 1998 year. However, the results were lower -than-expected. TNT posted 820 million guilders ($405.4 million) in net profits for the year. The company also reported a 7% improvement in sales to 16.33 billion guilders. These figures were below what market expectations were. TNT was affected by Asia's economic problems.

Comment:

Posts 18% increase in net profits in 1998

Logistic Services, Process, Physical Distribution, and Logistics Consulting Services, Abstract, Logistics services, Postal service, Business consultants, Management consultants, TNT Post Group

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Baan shares tumble on poor earnings for third quarter

Article Abstract:

Baan NV, maker of business software, posted poor third-quarter earnings. The Dutch company's turnaround attempts were thwarted because of turmoil in its sector. Baan lost $25 million (Euro25.3 million) on sales of $143 million, versus a $40 million loss and $195 million in sales from the same period a year ago. These postings were lower than what had been anticipated.

Computer Software, Software Publishers, Computer software industry, Software industry, Software, Baan Company N.V.

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