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
Yelp Inc. (YELP) on Monday posted a loss for the fourth quarter compared to a profit last year, as higher revenues were offset by increase in operating costs. Yelp said its Chief Financial Officer Rob Krolik was leaving the company. Yelp reported fourth-quarter loss of $22.2 million or $0.29 per share,... Twenty-First Century Fox Inc., (FOXA, FOX) on Monday reported a second-quarter profit that dropped from last year, hurt largely by lower revenues as strong cable and television advertising revenues were offset by lower filmed entertainment division. Earnings for the quarter trumped Wall Street estimates... Toy maker Hasbro Inc. (HAS) reported a profit for the fourth-quarter 2015 that grew about 3.5% from last year. Quarterly net revenues increased 13% from the prior year. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT