Brief: Starrag Group FY net profit down 52 pct at CHF 4.6 million

StarragTornos AG

10/03/2017 06:08

March 10 (Reuters) - Starrag Group Holding AG  STGN.S : 
    * FY order intake up 44 pct at 480 million Swiss francs 
($474.4 million) 
    * Sales plus 2 pct at 372 million francs 
    * FY net profit -52 pct at 4.6 million francs or 1.2 pct 
margin 
    * Dividend payout of 1.00 franc per share, payout ratio 75 
pct 
    * Does not expect to match the record order intake level 
from 2016 in 2017, operating margin should be significantly 
higher in 2017 compared to 2016 
    * 2017 sales revenue (in local currencies) should be well 
above the prior-year level, based on the latest trends in new 
orders 
 
     
 Source text: http://bit.ly/2mO12m7 
     
 Further company coverage:  STGN.S   
    
 
 
 
($1 = 1.0119 Swiss francs) 
 
 (Gdynia Newsroom) 
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