SWITZERLAND: Big Star Posts 11.6 Per Cent Sales Fall
Swiss jeans producer Big Star Holding AG on Tuesday posted a steep fall in first net profit to $202,000 from $1.6 million in the year-ago period amid sliding sales. The company blamed softness in the jeans and sports wear market for an 11.6 per cent slump in sales to $45.6m from $51.6m in 2001. Operating profit fell to $1.3m from $3.1m in the year prior.
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