SGS H1 net profit 267 mln Swiss francs, down 1.8%
H1 sales 3.335 bln francs, up 1.6% (Il Sole 24 Ore Radiocor) - Zurich, 24 Jul - The Swiss testing, inspection and certification company SGS said that in the first half profit attributable to equity holders was 267 million francs, a reduction of 1.8%, impacted by restructuring costs of 34 million.
Basic earnings per share fell to 1.44 francs from 1.47 a year earlier.
Sales rose 1.6% to 3.335 billion francs. Organic growth was 8.0%.
Adjusted operating income grew 1.9% to 471 million francs.
Free cash flow was up 34.8% to 155 million dollars.
Net debt at June 30 amounted to 3.022 billion dollars including lease liabilities, an increase of 183 million compared to December 2023.
AAA-Web
(RADIOCOR) 24-07-24 12:25:18 (0403) 5 NNNN