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Raute posts net profit

Finnish wood industry machinery group Raute Oyj increased its net profit to Euro 4.8 million in the January – September 2001 period from a net profit of Euro 1.5 million for the same period in 2000. T…

Finnish wood industry machinery group Raute Oyj increased its net profit to Euro 4.8 million in the January – September 2001 period from a net profit of Euro 1.5 million for the same period in 2000. The operating profit totalled Euro 3.1 million for the first nine months of 2001, or 3.0% of the turnover, down from an operating profit of Euro 4.5 million for the same 2000 period. The company reported a turnover of Euro 104. 8 million for the first three quarters of 2001, compared to Euro 103.2 million for the same period of 2000. Earnings per share stood at Euro 0.48 at end-September 2001, compared to Euro 0.46 at end-September 2000.

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