logo
Share SHARE
FONT-SIZE Plus   Neg

Colt Group 2011 Pretax Profit Jumps - Quick Facts

Colt Group SA (COLT.L, CLTZF.PK) Thursday said 2011 pretax profit went up to 72.0 million euros from 47.0 million euros in 2010. Excluding exceptional items, prior-year profit before tax was 77.1 million euros. On a per-share basis, earnings slipped to 0.07 euros from last year's 0.08 euros.

Revenues for the year slipped 1.9 percent to 1.55 billion euros from 1.58 billion euros due to a 7.7 percent drop in Voice revenues which offset the 0.5 percent growth in Data and the 7.9 percent improvement in Managed Services revenues.

Separately the company announced the retirement of Board member Hans Eggerstedt effective April 26, 2012. As Chairman of the Audit Committee, Eggerstedt is likely to be succeeded by Anthony Rabin while Sergio Giacoletto is expected to step into the role of Senior Independent Director.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT