Navigation

Kudelski announces SFr72.1 million profits

Company CEO André Kudelski expects the good news to continue for shareholders in 2002 Keystone

Pay TV and software firm Kudelski has announced an 8.2 per cent rise in net profit to SFr72.1 million ($43.25 million) in 2001.

This content was published on April 16, 2002 - 10:11

While the result falls slightly short of the firm's own predictions, some analysts expected Kudelski to reach SFr85 million in profits.

The company said the increase came despite extraordinary costs, including provision for legal risk of SFr16.3 million.

Kudelski expects trading in the first half of this year to remain tough, with a promising second half.

Chairman André Kudelski said the company maintains its view that it can achieve a rise in sales for 2002 of SFr600-700 million and a net profit of SFr120-130 million.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.