French IT firm Bull turns small profit in 2004

11th February 2005, Comments 0 comments

PARIS, Feb 11 (AFP) - Bull, the recovering French computer technology firm, said Friday it turned a net profit of EUR 10.8 million (USD 13.9 million) in 2004, up from a profit of EUR 4.1 million one year earlier.

PARIS, Feb 11 (AFP) - Bull, the recovering French computer technology firm, said Friday it turned a net profit of EUR 10.8 million (USD 13.9 million) in 2004, up from a profit of EUR 4.1 million one year earlier.

Sales last year fell however to EUR 1.139 billion from EUR 1.265 in 2003, the company said in a statement.

Looking ahead to the first half of 2005, Bull forecast core earnings "identical to that for the second half of 2004, or EUR 18 million".

"In a context of moderate market growth and evolving management structure, first half sales should amount to around EUR 560 million," the company added.

In early December, Bull named former IBM vice president Didier Lamouche as its chief executive, a day after gaining approval from European Union officials for French state aid of EUR 517 million on condition the company repays previous aid first.

© AFP

Subject: French News

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