AUSTRIA: Hosiery Maker Ergee Swings To FY Profit
Austrian hosiery and textile producer Ergee on Wednesday revealed it moved into the black in 2002. The company, which employs around 240 people, posted a $782,000 pre-tax profit versus a year-ago loss of $4.8 million and said turnover slipped to $46.6m from $48.4m in the year prior.