Profits fall at Beltton


10 May 2005 – Helsinki (FIN): Beltton has reported a sharp decline in its earnings for the three months ended 31 March.

On flat sales of €14.9 million ($19.1 million), operating profit fell by one third to €0.39 million due to stiff price competition. Net profit slumped from €0.79 million registered 12 months ago to €0.19 million.