Swiss Bucher Industries swings to 2003 net profit

Newswire

ZURICH, March 25 (Reuters) - Bucher Industries AG swung to a 2003 net profit of 36.5 million Swiss francs ($28.7 million) as restructuring measures offset weak demand, the Swiss machinery and vehicle maker said on Thursday. It had forecast in August a clearly positive 2003 net profit after a loss of 7.7 million in 2002. Sales rose 5.2 percent to 1.49 billion francs, while operating profit improved to 58.9 million from 34.0 million a year earlier. The firm said it expected 2004 sales at ...

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