Glaverbel posts first-quarter net profit for 2002

Belgian glassmaker Glaverbel SA reported a EUR 32.3 million net profit for the first quarter of 2002, a decrease of 11% year-on-year. The company“s consolidated turnover stood at EUR 468.5 million fo…

Belgian glassmaker Glaverbel SA reported a EUR 32.3 million net profit for the first quarter of 2002, a decrease of 11% year-on-year. The company“s consolidated turnover stood at EUR 468.5 million for the first three months of 2002, compared to EUR 453.8 million for the same period in 2001. The company“s automobile division registered an increase in profitability for the first quarter of 2002, compared to the first quarter of 2001, while the construction and industries divisions registered a year-on-year fall in profitability for the same period.