Financial results fall at Beltton

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10 August 2005 – Helsinki (FIN): The Beltton Group has released its financial results for the first six months of 2005.

 

Net sales were €30.3 million ($37.5 million) compared to €30.6 million in the previous year. Net profit fell to €0.39 million from €2.57 million a year earlier. EPS decreased to €0.06 from EPS of €0.40 in the same period in 2004.

 

Managing director Heikki Vienola said: "Stiff competition continued in the second quarter. Our goal for the rest of the year is to cut costs and improve profitability, especially among major accounts."