Brief: Schaffner Holding H1 net profit improves to 4.2 mln Swiss francs

Schaffner Holding AG

11/05/2017 05:45

May 11 (Reuters) - SCHAFFNER HOLDING AG  SAHN.S : 
    * IN H1 2016/17, INCREASED ITS NET SALES COMPARED WITH THE 
SAME PERIOD IN THE PREVIOUS YEAR BY 2.2 PCT TO CHF 94.6 MILLION 
(H1 2015/16: CHF 92.6 MILLION) 
    * H1 OPERATING PROFIT (EBIT) ROSE SUBSTANTIALLY TO CHF 6.0 
MILLION (H1 2015/16: CHF 1.6 MILLION) 
    * H1 NET PROFIT IMPROVED TO CHF 4.2 MILLION (H1 2015/16: CHF 
0.4 MILLION) 
    * CONFIDENT OF CONTINUING ITS RECOVERY AND EXCEEDING THE 
RESULTS OF THE SAME PERIOD LAST YEAR IN THE SECOND HALF OF 
2016/17 
    * FOLLOWING THE TURNAROUND OF THE POWER MAGNETICS DIVISION, 
SCHAFFNER LOOKS FORWARD TO ACHIEVING ITS MEDIUM-TERM TARGETS, 
WITH ORGANIC GROWTH OF >5% AND AN EBIT MARGIN OF >8% 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nTENp06uya 
     
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