Bucher falls to 2002 loss, cuts dividend

Newswire

ZURICH, March 27 (Reuters) - Swiss machinery maker Bucher Industries said on Thursday tough markets and a strong Swiss franc pushed it to a 2002 net loss of 7.7 million Swiss francs ($5.6 million) after a 2001 profit of 48 million. The company, whose products include agricultural and street-cleaning machines, said it would cut its 2002 dividend to 5.00 francs from 9.00 francs on its bearer shares, and to 1.00 franc from 1.80 francs on its registered shares. Bucher said it expected to ...

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