Biesse posts net profit for 2004, proposes dividend

Italian wood, glass and marble processing machinery maker Biesse posted a consolidated net profit of EUR 4.9 million (USD 6.3 million) for 2004, it was reported on 30 March 2005.
In 2004, Biesse gene…

Italian wood, glass and marble processing machinery maker Biesse posted a consolidated net profit of EUR 4.9 million (USD 6.3 million) for 2004, it was reported on 30 March 2005. In 2004, Biesse generated a consolidated net revenue of EUR 312.5 million (USD 403.9 million), while earnings before interest and tax (EBIT) for the same period stood at EUR 13.5 million (USD 17.5 million). The board of directors of Biesse will propose a dividend payment of EUR 0.12 (USD 0.155) per share for 2004 to its shareholders. Biesse SpA posted a EUR 47.4 million (USD 61.3 million) net after-tax loss in 2003. The company shareholders“ meeting approved a dividend payment of EUR 0.09 (USD 0.116) per share for 2003.