SWITZERLAND: Saurer profit plunge follows sluggish sales
Textile machinery producer Saurer said 2005 net profit fell below last year’s EUR67.4m to EUR55.2m, hampered by expenses related to the company’s expansion initiatives plus a fall in sales.
Textile machinery producer Saurer said 2005 net profit fell below last year’s EUR67.4m to EUR55.2m, hampered by expenses related to the company’s expansion initiatives plus a fall in sales.