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Baccarat: fall in 1998 profit

25 March 1999: France“s Compagnie des Cristelleries de Baccarat registered a 34% fall in 1998 attributable net profits to FFr 11.6 million (EUR 1.7 million), while consolidated turnover rose by 2.3% …

25 March 1999: France“s Compagnie des Cristelleries de Baccarat registered a 34% fall in 1998 attributable net profits to FFr 11.6 million (EUR 1.7 million), while consolidated turnover rose by 2.3% to FFr 651.1 million. During 1998 the group achieved sustained growth over the first six months, followed by a slowdown in the second half of the year and recovery in December. A statement from the group indicates that consolidated turnover for the first two months of 1999 increased by 4%.

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