Switzerland: Cement Maker Beats Estimates
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The cement maker Holcim increased profit more than analysts estimated on expansion in China and India and may acquire a controlling stake in Ambuja Cements of India. Second-quarter net income more than tripled, to 2.07 billion Swiss francs ($1.72 billion), bolstered by a gain of 1.1 billion francs from the sale of a stake in its South African unit, Holcim, based in Jona, Switzerland, said. Sales rose 16 percent, to 7.27 billion francs. Holcim will offer up to $1.34 billion to gain a majority of Ambuja, based in Mumbai.
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The company, one of the worldâs largest construction equipment makers, said Friday that its fourth-quarter earnings rose 11 percent on strong international growth.
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Swiss insurance giant Zurich Financial Services AG on Wednesday reported a more than 35 percent jump in net profit for the first nine months of 2004, despite the impact of the most severe U.S. hurricane season in more than a century.
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BERN, Switzerland -- Swisscom posted a 0.7% increase in revenue to CHF 7.53 billion for the first three quarters of 2004. Operating income before interest, tax, depreciation and amortisation (EBITDA) decreased year-on-year by 3.5% to CHF 3.4 billion.
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The worldâs largest soft drink maker reported higher-than-expected quarterly profit on Wednesday, helped by higher sales, acquisitions and foreign exchange rates.
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The investment firm reported strong third-quarter earnings.
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Australian mining firm WMC Resources says it is worth up to 30% more than a hostile $5.8bn takeover bid by Swiss rival Xstrata.
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The homebuilder beats expectations; shares bounce back.
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Operating profit at German industrial group MAN AG  rose 57 percent to 354 million euros ($457.6 million) in the fourth quarter, it said on Tuesday, beating market expectations.
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The health insurer beats some estimates and raises others.
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Nation's #1 office-supply retailer tops estimates, gains ground.
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Swiss food group Nestle reported first-half net profit rose by 2.1 percent to 2.838 billion Swiss francs (1.85 billion euros, 2.28 billion dollars) from a year ago, below market expectations, but predicted improvement in the second half.
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Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
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The company impresses the Street with strong earnings, an optimistic outlook, and a toehold abroad.
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Swiss reinsurance group Swiss Re said it had nearly doubled its net profit in the first half of the year thanks to a better-than-expected investment result.
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The company's Q2 earnings beat estimates, but Brazilian legal problems continue.