Business Services Industry

AB WesterGyllen reports first-half operating profit of SEK13.7m

Nordic Business Report, August 17, 2005

NORDIC BUSINESS REPORT-17 August 2005-AB WesterGyllen reports first-half operating profit of SEK13.7m(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish industrial group AB WesterGyllen published its six-month report on Wednesday (17 August), posting an operating profit of SEK13.7m, as compared to SEK29.2m in the first six months of 2004.

The net turnover declined from SEK744m in the first half of 2004 to SEK676m in the first half of this year.

The decline in sales and earnings was due to weaker development within the business area Electronics.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning

 

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