NETHERLANDS: Singer Sews Up Continued Recovery
Following four years of substantial losses and a period of restructuring, industrial sewing machine major Singer NV continues to make a strong recovery. For the first quarter period to the end March 31, 2001, the company reported consolidated revenues of $107.1 million. Revenues of Singer's non-consolidated affiliate in Thailand amounted to $22.8 million. The compares to consolidated revenues of $128.6 million for the fourth quarter, ending December 31, 2000, and revenues from its Thai affiliate of $21.4 million. The fourth quarter is traditionally the strongest sales quarter for the Company's operations.
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