Monday, July 16, 2007

SGS profits rise, mergers and margins dent shares

(Reuters) - The Geneva-based SGS, whose initials stand for Societe Generale de Surveillance, said its full-year performance should be consistent with its 2008 outlook for 5 billion Swiss francs in revenues and operating margins of 17 percent.




While its 234 million Swiss franc net profit was in line with market forecasts, first-half operating margins of 15.5 percent were "clearly disappointing", said Kepler analyst Roger Steiner.


Read more at Reuters.com Hot Stocks News

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