Lucerne (ots) - - Successful integration of the acquisitions (cheese factories and Berne-Ostermundigen dairy) - 2003 result: powerful growth spurt thanks to acquisitions as well as market and innovation strength - Position as Swiss market leader clearly extended - Positioning of the Emmi quality brand consolidated in the European foodstuffs market - Successful product launches both in Switzerland and abroad: the ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - 5. CONTINGENT LIABILITIES Structured settlements The Group, through the Canadian branch of Alea Europe Ltd, has assumed ownership of certain structured settlements and has purchased annuities from life assurers to provide fixed and recurring payments to those underlying claimants. As a result of these arrangements, the Group is exposed to ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - Unaudited Consolidated cash flow statement Restated Year ended Year ended Notes 31 Dec 03 31 Dec 02 ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - Interest on bank borrowings under the Term "A" loan and the Revolving Credit Facility is charged at a rate per annum according to applicable currency LIBOR rates designated as the British Bankers Association interest settlement rate plus a margin of ) 0.625% (2002 0.625%). The margin charged on the Term "B" loan is 3.25% (2002 3.25%). The ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - Interest on bank borrowings under the Term "A" loan and the Revolving Credit Facility is charged at a rate per annum according to applicable currency LIBOR rates designated as the British Bankers Association interest settlement rate plus a margin of ) 0.625% (2002 0.625%). The margin charged on the Term "B" loan is 3.25% (2002 3.25%). The ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - FINANCE DIRECTOR'S REPORT Performance Management The highlights of the consolidated financial statements are as follows: Summary of results 2003 2002 $ million Gross premiums written 1,300.2 931.6 Net premiums earned 858.5 518.1 Underwriting profit ...
Alea Group Holdings (Bermuda) Ltd.
London (ots) - On the closing of the Imperial acquisition in 2000, the Group reinforced the reserve strengthening of the Imperial business by entering into the OPL (see Finance Director's Review). Since that date there continues to be immaterial development of these reserves. Total loss reserves covered by the OPL contract increased to $87.1 million compared to ...
Lugano (ots) - The BSI Group posted positive results in 2003. Gross operating profit reached CHF 128 million, income came in at CHF 387 million and expenses for the year fell to CHF 259 million. Net profit for the year was CHF 93.5 million. In addition to these solid results, assets under management climbed from CHF 42 billion to CHF 44.3 billion. Dr. Giorgio Ghiringhelli will succeed Dr. Hugo von der Crone as Chairman ...
Lausanne (ots) - Orange Communications SA, Lausanne, achieved total revenue of CHF 1'169 million in 2003. At the same time, the operating result was increased 266% compared to the previous year. By end 2003, Orange Switzerland numbered 1'085'000 active customers (+12,7%). The Orange total revenue rose from CHF 1'018 million to CHF 1'169 million in 2003, thus ...
Lugano (ots) - 2003 annual results of Banca del Gottardo for 2003 beat expectations, with all main business sectors making positive contributions. Consolidated net profit was 85 million francs. As at 31 December the bank had 38.5 billion francs in assets under management. Financial results recovered strongly in 2003 compared with the previous two fiscal years. Gross profit was 174 million francs, a 54% increase ...
SVV Schweizerischer Versicherungsverband
Zurich (ots) - The Swiss Insurance Association (SIA) calculates that the private insurance sector returned to profitability in 2003. The insurance industry seems to have come through the worst of a rather turbulent period, nevertheless, any talk of having turned the corner is still premature. There are several factors pointing to a recovery: most insurers' investment returns rose over the past year, underwriting ...
Montreal (ots) - SAND Technology Inc. (NASDAQ: SNDT) held a conference call yesterday covering the results for the fiscal year ended July 31, 2003 and its new business model. During the call, the Company highlighted a successful and profitable 2003 fiscal year and outlined revisions that it is making to its business model. SAND intends to concentrate heavily on developing a market for its products through ...
London (ots) - HIT ENTERTAINMENT PLC PRELIMINARY ANNOUNCEMENT Year ended 31 July 2003 2003 2002 Turnover £168.9m £121.0m Business Performance Operating profit * £44.4m £28.5m Profit before tax* £39.7m £27.3m Underlying basic earnings per ordinary share 16.7p ...
Lugano (ots) - The BSI Group (a member of the Generali Group) achieved a consolidated gross profit of CHF 144 million in the financial year 2002. Total income amounted to CHF 420 million, while costs totalled CHF 276 million. Net profit at the end of the year was CHF 107 million. This good result is attributable to prudent business management and a flexible cost structure and was accompanied by a new asset inflow of ...
Extraordinary valuation adjustments in support of a solid financial situation Lugano - (ots) - The Banca del Gottardo closed out fiscal 2002 with a consolidated gross net profit of 112 million francs. At the end of the year, net fiscal income had reached 447 million francs while operating expenses were 335 million francs. The bank has implemented 200 million francs in extraordinary writedowns and provisions in the ...
Kloten (ots) - easyJet plc, Europe's leading low-cost airline, today reported record full-year results for the financial year ended 30th September 2002. Highlights of the year include: - Profit before tax up 78% to £71.6m (2001: £40.1m) - Revenues up 55% to £552m (2001: £357m) - Passenger numbers up 60% to 11.4m (2001: 7.1m) - Cost per ...
Roland Berger Strategy Consultants
Rümlang (ots) - Media Conference We are pleased to invite you to our Press Conference on the Financial Year 2001/2002. The conference will be held in German and takes place on Monday, September 23, 2002, 10.45 a.m. at the Hotel Savoy Baur en Ville Paradeplatz/Poststrasse 8001 Zürich ...
Reference to picture: www.newsaktuell.ch/d/galerie.htx?type=obs Bern (ots) - Train operator Cisalpino AG can again report buoyant annual results, extending its track record to three profitable years in succession. Sales of CHF 65.82 million are 12% up on the previous year's figure of CHF 58.82 million. Operating result increased by around 54%, from CHF 8.13 million to CHF 12.55 million. This pleasing business development is also reflected in cash flow, which shows ...
Frankfurt, Germany (ots) - Fraport AG Frankfurt Airport Services Worldwide, again recorded positive business results in what was an extremely difficult year for the global aviation industry. Despite negative influences resulting from the pilots' strike, the economic slowdown, and the 9/11 terror attacks, ...
Burscheid, Germany (ots) - April 16, 2002 ... Johnson Controls, Inc. (JCI) today reported that diluted earnings per share reached a record $1.21 for the second quarter of fiscal 2002, up 14% from $1.06 for the prior year. Sales for the three months ended March 31, 2002, were $4.8 billion, 5% higher than the $4.6 billion for the prior year. Operating income for the ...
Frankfurt (ots) - Call on the Philippine government - Good annual results despite the pilots' strike, weak economy, and terrorist attacks - Changes in responsibilities of some Executive Board members Today, the Executive Board of Fraport AG Frankfurt Airport Services Worldwide again briefed the company's Supervisory Board about the status of the Manila terminal project in the Philippines, about preliminary results ...
Lugano (ots) - Results reported by the Banca del Gottardo Group for 2001 showed good resilience at the recurring level, despite unfavourable conditions affecting banks specialised in private banking. Despite a negative trend in equity markets, the bank's core segments of investment and wealth management turned in ...
Zurich (ots) - TDC Switzerland performed better than projected in the outlook for 2001. Net revenues totaled CHF 1555m and EBITDA was CHF -15.4m. Performance TDC Switzerland 2001 Mobile services CHF 746m Wireline & Internet CHF 809m Net revenues, total CHF 1555m EBITDA CHF -15.4m Since TDC achieved control of TDC Switzerland at the beginning of 2001, the management ...
Lugano (ots) - The BSI group, a Lugano-based bank specialising in asset management, which is controlled by Assicurazioni Generali S.p.A. Trieste, has failed to match its record 2000 earnings but posted satisfactory 2001 earnings nonetheless. Net profit was CHF 171 million, 15% lower than in 2000, and BSI SA will pay a dividend of CHF 150.8 million (down 8%). The value of client assets under management was stable at ...