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GN profit below consensus, Netcom CEO won't be back

Fri Feb 27, 2009 2:27am EST

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* Q4 oper profit 27 mln crowns vs poll 35 mln

* Will not renew unit CEO's contract

COPENHAGEN, Feb 27 (Reuters) - Danish hearing aid and headset maker GN Store Nord (GN.CO) posted fourth quarter operating profit slightly below consensus on Friday and said it would not renew the contract of its Netcom chief executive.

The company reported operating profit of 27 million Danish crowns ($4.61 million) compared to 35 million in a Reuters poll of analysts and 5 million in the year ago period.

GN said this year's operating profit would be in line with that of 2008, adding it would not renew the contract of the chief executive of its struggling headset unit, Netcom, when it expires in September. ($1=5.858 Danish Crown) (Reporting by Gelu Sulugiuc; Editing by Mike Nesbit)



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