Usinor's profit this half won't match earlier pace

Article Abstract:

Usinor SA Chairman Francis Mer said that the company's 1998 profit will increase from 2.1 billion in 1997, although the company expects the trend in the second half of 1998 to slow down. The company, which inaugurated its latest galvanized steel production line, also projects that its acquisition of Cockerill Sambre of Belgium will improve its profit in 1999. Cockerill's addition to the French firm is also expected to create synergies that would result in 8.5 billion Belgian francs, once Cockerill had injected 24 billion Belgian francs in the next five years.

Comment:

Profit in 1998 will increase from 2.1 bil in 1997, although company expects the trend in the second half of 1998 to slow down

Iron and Steel Mills, Steel Mill Products, Steel products, Usinor, Article

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Credit Agricole lifts profit 24% in first half

Article Abstract:

Caisse Nationale du Credit Agricole posted an increase of 24% in its net profits for the 1999 first-half. The bank posted 1.15 billion euros in net profits for the period.

All Other Nondepository Credit Intermediation, Misc. business credit institutions, Agricultural Credit Institutions, Banking industry, Finance, Caisse Nationale du Credit Agricole

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