SGS posts in-line FY net; confirms mid-term target |
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Mon, 15 Jan 2007 08:10
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GENEVA (AFX) - Swiss goods inspections group SGS SA reported a full year net profit of 443 mln sfr, up from 371 mln sfr last year, hitting the lower end of the forecast range of 443.0-454.0 mln.Looking ahead, SGS said it expects last year's positive trend to continue in 2007, reiterating its commitment to achieve 80 sfr earnings per share by 2008. EPS in 2006 reached 58.36 sfr.Operating income in the period reached 624 mln sfr, up from 502 mln, beating the average forecast of 609.4 mln sfr, on rising sales of 3.821 bln sfr, up from 3.308 bln, falling somewhat shy of the consensus of 3.828 bln.SGS said it plans to pay a dividend of 20 sfr, representing 35 pct of net profit.In March 2006, the goods inspections group had distributed an exceptional 50 sfr per share, to reduce its cash position.afx.zurich@afxnews.comat/jlw/vs/vsCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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