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| ALSO issues Interim Report 2010 The Switzerland-based ALSO, one of the leading European companies in the wholesale and logistics sector for information technology and consumer electronics, said consolidated net sales increased by 3% (+7% in local currencies) to CHF 2.0 billion during the first half of 2010, and net profit was up by 29% to CHF 11.1 million. The Northern/Eastern Europe market segment in particular contributed significantly to these improved figures. The slight upturn in the European economy likewise had a positive influence on the IT industry during the first six months of 2010. Business customers especially increased spending on their IT infrastructure over the previous year. Private consumption remained more or less pegged at the same level as last year. Compared with the same period in 2009, ALSO pushed up net sales by 3% (+7% in local currencies) to CHF 1999 million. Thanks to the substantial improvement achieved by the Northern/Eastern European subsidiaries, operating profit was up by 8% to CHF 23.2 million. Net profit stood at CHF 11.1 million and was thus up by 29% compared with 2009. The equity ratio rose to 28% (31.12.2009: 24%). ALSO expects a substantially higher net profit this year than in 2009. write your comments about the article :: © 2010 Construction News :: home page |