SGS FY net hit by restructuring costs, cuts dividend
ZURICH Jan 17 (Reuters) - Testing and inspection company SGS said restructuring costs resulted in a one-off charge of 47 million Swiss francs in 2012, pushing full-year net profit below forecasts.
Net income at the company, whose activites range from testing toys to measuring emissions of power stations, rose 1.5 percent in the year to 556 million Swiss francs ($597.59 mln), short of forecasts for 573 million francs in a Reuters poll.
The group, which competes with France's Bureau Veritas and Britain's Intertek, said it would propose a dividend of 58 francs per share, lower than the 65 francs paid out last year.
- Israel rejects ceasefire plan, source says, as death toll nears 850 |
- White House aide says Republicans might try for Obama impeachment
- First Ebola victim in Sierra Leone capital on the run
- Bad weather seen as probable cause of Air Algerie crash
- EU edges to economic sanctions on Russia but narrows scope |