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CTG - Quarterly Report as at 31 March 2004.
(From Hugin)
* Earnings of NOK 383.1 million in the first quarter (NOK 366.3 million in the first quarter of 2003) * Operating profit of NOK 13.7 million (NOK 6.3 million) * Profit before tax in the first quarter of NOK 9.6 million (NOK 1.6 million) * Gross margin of 34.7% in the first quarter (34.0%) * Operating profit for Binders Norge in the first quarter of NOK 5.6 million (- NOK 3.7 million)
The Group The Tybring-Gjedde Group had earnings of NOK 383.1 million in the first quarter of 2004 (NOK 366.3 million). This trend is in line with the Company's plan where, in the first half of 2003, the focus was on cutting the operating costs and phasing out non-profitable customer contracts, while, commenced in the fourth quarter of 2003, the focus has been directed towards profitable operations combined with strict cost control. The operating profit for the quarter was NOK 13.7 million (NOK 6.3 million). Financial items in the first quarter …
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