CS Interglas AG, the German manufacturer of glass fibre material, posted ordinary operating losses of DM 15.4 million in 1998/1999 (31 July), compared with a profit of DM 11.8 million the previous yea…
CS Interglas AG, the German manufacturer of glass fibre material, posted ordinary operating losses of DM 15.4 million in 1998/1999 (31 July), compared with a profit of DM 11.8 million the previous year. The final deficit was DM 17 million. Including losses brought forward of more than DM 8 million, the group balance sheet deficit was DM 24 million. In the first quarter of the year, the company posted a clear profit again, chairman Bernd Meffert said. After turnover fell by 16% to DM 234 million last year, it expanded by 22% in the first quarter.