Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Merloni Reports 9-month Profit Jump
Oct 30, 2002
 Printable format
 Email this Article
 Search

Italian washing machine maker Merloni Elettrodomestici said its pre-tax profit for the first 9 months jumped 58 percent year on year to 116 million euros (U.S. $114 million). Merloni, whose brands include Ariston and Indesit, said in a statement it posted a 25 percent increase in turnover to 1.8 billion euros in the 9-month period ending September 2002.

It said around half of the turnover came from the consolidation of its 50-percent stake in General Domestic Appliances, the holding company of washing-machine maker Hotpoint which Merloni shares with General Electric. Merloni said its operating profit for the 9-months stood at 132 million euros, up from 91 million a year ago, a jump of 45 percent, on the back of improvements to production efficiency.

For the third quarter, turnover hit 687 million euros, operating margin stood at 59 million euros and pre-tax profits at 51 million euros, it said. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows