Forbo Group’s HALF-YEAR REPORT 2018

Significant sales growth Above-average increase in operating profit Strong increase in Group profit Outlook for full year 2018 confirmed The Swiss Forbo Group – a leading manufacturer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions – reported net sales of CHF 668.8 million in the first half … More Forbo Group’s HALF-YEAR REPORT 2018

Under Armour expects wider Net Loss because of overhaul Costs

Under Armour Inc. posted higher revenue, but said its net loss widened in the latest quarter as the sportswear company restructures itself after facing slower demand for its products. The Baltimore firm said its second-quarter revenue rose 8 % to USD 1.17 billion. Analysts polled by Thomson Reuters expected USD 1.15 billion in quarterly revenue. … More Under Armour expects wider Net Loss because of overhaul Costs

Awards

Colorjet bags with India’s largest Manufacturer of Digital Textile Printers Award ColorJet India Ltd, India’s only manufacturer and biggest Indian marketer of digital fabric printers has reinforced its No. 1 position by winning the ‘TV100 Industrial Excellence Award 2018’ in the ‘Largest Manufacturer of Digital Textile Printers in India’ category, thereby contributing aggressively towards Prime … More Awards

Messe Düsseldorf, Germany,closes 2017 financial year with revenue and income well above budget

Corporate strategy continues focused path of globalisation, digitisation and the optimisation of the exhibition centre Messe Düsseldorf Group revenue: EUR 367 million Messe Düsseldorf GmbH revenue: EUR 340 million GmbH net income after tax: EUR 57 million EUR 24 million profits distributed to shareholders Messe Düsseldorf has submitted its final balance sheet figures for the … More Messe Düsseldorf, Germany,closes 2017 financial year with revenue and income well above budget

UK retail sales grow at fastest since 2004 in second quarter, despite June dip

British shoppers stepped up purchases by the most in over a decade in the second quarter despite lower spending in June, official data showed on July 19, 2018, giving the Bank of England some reassurance that a sluggish start to 2018 is over. Retail sales volumes in June alone unexpectedly fell 0.5 % from May … More UK retail sales grow at fastest since 2004 in second quarter, despite June dip

Rupees 800 million plan turns PET bottle flakes into polyester yarn in Sri Lanka

The BPPL looks forward to the diversification of its business lines into synthetic filament extrusion for other brush manufacturing and polyester yarn production for fabric mills for both local and export markets would become dominant contributors to group’s financials over the medium term. Dr. Amarasinghe disclosed that BPPL is planning to invest around Rupees.1-1.5 billion … More Rupees 800 million plan turns PET bottle flakes into polyester yarn in Sri Lanka