Dutch glass manufacturer NV Nationaal Bezit van Aandeelen Vereenigde Glasfabrieken, a fully-owned unit of the French Group Danone, has announced its results for the year ending 31 December 1995. Net p…
Dutch glass manufacturer NV Nationaal Bezit van Aandeelen Vereenigde Glasfabrieken, a fully-owned unit of the French Group Danone, has announced its results for the year ending 31 December 1995. Net profit was up 42% at Fl 34.6 million (Fl 24.3 million in 1994), despite a drop in turnover to Fl 546.2 million (Fl 569.6 million). Operating profit was up at Fl 58.4 million (Fl 50.1 million) and cash flow has increased to Fl 81.4 million (Fl 73.5 million). The company, which gave up its own bourse listing in June 1995, said prospects for 1996 were reasonable but gave no further forecast.