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Zodiac operating margin hit by depreciation of dollar.
(From La Tribune)
Yesterday shares in Zodiac, the French aeronautical parts supplier, fell 4.98 per cent to 24.6 euros. The group was hit by the depreciation of the dollar in its 2002-2003 financial year, ended 31 August. In the aeronautical branch this caused a 2.6 per cent fall in turnover, to 1.48bn euros. Operating profit was 196.03m euros, …
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