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Zschokke benefits from construction boom

The construction and property management group, Zschokke, posted first half net income of SFr3 million on Tuesday, up from SFr800,000 on the same period in 1999. Turnover increased to SFr551 million.

The company is forecasting a full year net profit of SFr12.6 million, which would be an increase of 67 per cent on the previous year.

It expects full-year turnover to be SFr1.15 billion.

Zschokke says it intends to use the upswing in the economy to strengthen its market position, boost earnings and reduce debt. It also plans to buy more services and outsource non-strategic businesses to help contain costs.

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