italian giant finmeccanica posts €23 bn loss
Last Updated : GMT 04:14:30
Arab Today, arab today
Arab Today, arab today

Italian giant Finmeccanica posts €2.3 bn loss

Arab Today, arab today

Arab Today, arab today Italian giant Finmeccanica posts €2.3 bn loss

Milan - AFP

Italian aerospace and defence giant Finmeccanica on Tuesday posted a 2.3 billion euro ($3.1 billion) net loss for 2011 saying it had been an \"extraordinarily difficult year\". The group\'s chief executive Giuseppe Orsi said the loss was \"a necessary preamble to allow Finmeccanica to take a new course.\" The company said in a statement the loss was due to \"exceptional events\" and \"non-recurring charges.\" Finemccanica, which is majority controlled by the Italian state, had registered a net profit of 557 million euros in 2010. \"We carried out a comprehensive but necessary review of the group\'s industrial strategy and business and technological approach. Inevitably the balance sheet we are presenting today reflects this,\" Orsi said. \"2012 will be characterised by an improvement in our key balance sheet indicators and will be a year of calibrated transition towards a new Finmeccanica,\" he added. The company said it had been hit by defence budget cuts and difficulties in its transport and aerospace divisions. Its revenues dropped 7.0 percent last year to 17.32 billion euros. Orsi took over last year after the resignation of Pier Francesco Guarguaglini, who was brought down by a corruption scandal. Orsi\'s plan is for the company to concentrate on activities in which it can be a global leader and sell off assets worth around one billion euros by the end of 2012, particularly in the transport sector. Italian business daily Il Sole 24 Ore said that Japanese industrial group Hitachi was interested in buying AnsaldoBreda and Ansaldo STS, two of Finmeccanica\'s rail transport companies. The report pushed Finemaccanica\'s share price up 10.88 percent on Tuesday. Finmeccanica said earlier it would not be paying out dividends for 2011.

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*

italian giant finmeccanica posts €23 bn loss italian giant finmeccanica posts €23 bn loss

 



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*

italian giant finmeccanica posts €23 bn loss italian giant finmeccanica posts €23 bn loss

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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