Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
Paris (AFP) Aug 1, 2012
The French water and waste management group Suez Environment said on Wednesday net profit plummeted in the second quarter by 82 percent from a year ago to 40 million euros hit by a poor economic environment.
Suez said in a statement sales in the April-June period dipped by 0.7 percent to 7.32 billion euros ($9.0 billion) with the company facing a "more difficult macroeconomic context in Europe."
The group nonetheless expressed confidence that it would still achieve its 2012 targets, which the company recently revised lower due to the poor global economy and a 85 billion euro charge on a delayed desalination plant project in Melbourne, Australia.
Despite the crisis in the Europe, "the fundamentals across all sectors are good" and in the long term "our earnings outlook remains solid," chief executive Jean Louis Chaussade said in a conference call.
Our Polluted World and Cleaning It Up
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|