Arab Today, arab today abb net profit rise 24 in 2011
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

ABB net profit rise 24% in 2011

Arab Today, arab today

Arab Today, arab today ABB net profit rise 24% in 2011

Geneva - AFP

Swiss engineering giant ABB on Thursday reported a 24 percent rise in net profit for 2011 to $3.2 billion while forecasting a tough start to 2012. Revenues increased 20 percent to $38 billion and operational EBITDA, the measure of profitability tracked by management, rose 25 percent to $6 billion, the company said in a statement. "We continued to execute well in the fourth quarter, especially on our cost savings and project execution, allowing us to report record revenues and solid earnings in a volatile market environment," said chief executive Joe Hogan. "At the same time, an unfavorable business mix and ongoing price pressure out of the order backlog will likely weigh on profit margins in the first quarter." Hogan said he was more optimistic about the rest of the year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abb net profit rise 24 in 2011 Arab Today, arab today abb net profit rise 24 in 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abb net profit rise 24 in 2011 Arab Today, arab today abb net profit rise 24 in 2011

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday