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Article: -GRESVIG: Gresvig stronger in Norway.
- Article from:
- M2 Presswire
- Article date:
- November 12, 1998
CopyrightCOPYRIGHT 1998 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-12 November 1998-GRESVIG: Gresvig stronger in Norway (C)1994-98 M2 COMMUNICATIONS LTD RDATE:121198 Gresvig's ordinary operations created a NOK 2,1 million kroner profit before tax after the first nine months, compared to NOK 17 million kroner at the same time last year. The corresponding Operating profit was NOK 25,7 millon (NOK 30 million in 1997). However, Gresvig announced on September 21st a NOK 130,3 million write-down on goodwill, inventories and accounts receiavbles, and a loss of NOK 127.5 million before tax was recordeded by Norway's Gresvig group for the first nine months of 1997. The operating result declined over the period from a profit of NOK 30 ...