The Vetropack container group of Switzerland reported a loss of SFr 9.8 million for the first half of 1997, compared to profits of SFr 5.7 million for the first six months of last year. The group att…
The Vetropack container group of Switzerland reported a loss of SFr 9.8 million for the first half of 1997, compared to profits of SFr 5.7 million for the first six months of last year. The group attributed the results to insufficient margins. Cash-flow was reduced by 50% to SFr 14.8 million, turnover by 5.7%. Results are not expected to improve on a full-year basis unless there is an upturn in sales prices.