Sarna says restructuring delayed, costs higher

Newswire

ZURICH, July 6 (Reuters) - Swiss plastics group Sarna expects to post a single-digit million franc net profit in 2004, despite higher-than-expected restructuring costs in its car parts business, the firm said on Tuesday. Sarna, which will increasingly focus on making car parts such as cup holders and storage boxes, said in a statement that restructuring in its automotive division was taking long than expected and that costs would be higher. But the firm reiterated it expected a higher ...

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