Brief: Coltene Holding FY Net Profit Of CHF 19.1 Million, Up 10.4 Pct

COLTENE Holding AG

06/03/2018 06:20

March 6 (Reuters) - COLTENE HOLDING AG  CLTN.S :
    * FY SALES OF CHF 168.0 MILLION, PLUS 4.6%
    * FY NET PROFIT OF CHF 19.1 MILLION, UP 10.4%
    * FY OPERATING PROFIT (EBIT) ROSE TO CHF 25.5 MILLION, 9.3%
MORE
THAN THE PRIOR-YEAR FIGURE (2016: CHF 23.3 MILLION)
    * BOARD OF DIRECTORS WILL PROPOSE A DIVIDEND OF CHF 3.00 PER
SHARE
    * INTENDS TO ACHIEVE FURTHER SALES AND EBIT MARGIN GROWTH
OVER THE
MEDIUM TERM
    * EXPECTS ITS TAX EXPENSE TO DECLINE BY APPROXIMATELY CHF 1
MILLION AS OF FISCAL 2018 DUE TO THE REDUCTION IN CORPORATE TAX
RATES IN THE US

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nTENfbzcoa
    
 Further company coverage:  CLTN.S  
   


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