Weaker dollar squeezes Ciba's nine-month sales

Article Abstract:

Ciba Specialty Chemicals Holding reported sales revenues of 6.42 billion Swiss francs ($4.78 billion) for the first three quarters of 1998, an 8.1% improvement from the 5.94 billion Swiss francs it posted for the first nine months of 1997. The company's current performance was only a little under the figures projected by analysts who have lowered their forecasts due to the effects of the Asian economic crisis and the decline in the US dollar's purchasing power. Ciba, despite the prevailing market conditions, is confident that it will post an improvement in 1998 over its 1997 performance.

Comment:

Reports sales revenues of 6.42 bil Swiss francs for the 1st 3 quarters of 1998

Basic Chemical Manufacturing, Specialty Chemicals, Article, Ciba Specialty Chemicals Holding

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Swiss Re's profit increases by 16% as claims decline

Article Abstract:

Swiss Reinsurance Co. of Switzerland posted a soaring 16 percent increase in first half net profit to 1.57 billion Swiss Francs ($1.28 billion) from 1.35 billion Swiss Francs last year. Revenues were due to strong investment and fewer insurance claims.

INSURANCE CARRIERS, Insurance industry, Swiss Reinsurance Co., Company overview

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Schindler Holding AG

Article Abstract:

Schindler Holding AG said that its 2003 first half net profit more than quadrupled. The company posted 96 million Swiss francs (62 million euros) in net profits for the period.

Finance, Elevator industry, Schindler Holding AG

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