Shares in French IT firm Bull climb

14th February 2005, Comments 0 comments

PARIS, Feb 14 (AFP) - Shares in French computer group Bull rose sharply here Monday on publication of results Friday that were in line with market expectations.

PARIS, Feb 14 (AFP) - Shares in French computer group Bull rose sharply here Monday on publication of results Friday that were in line with market expectations.

Bull shares gained 6.56 percent to EUR 0.65 in mid-day trading on an overall market that was down 0.24 percent at 4,007.19.

The group said Friday it had net earnings of EUR 10.8 million (USD 14 million) compared with EUR 4.1 million in 2003.

It added that earnings before taxes, interest, amortisation and exceptional items came to EUR 41.1 million last year after EUR 40.7 million in 2003.

Sales fell to EUR 1.139 billion from EUR 1.265 in 2003.

Brokers CM-CIC issued a "buy" recommendation for Bull.

"The results show an improvement in activity trends," CM-CIC said. "Sales over nine months were down 11 percent but fell just five percent in the last quarter."

© AFP

Subject: French News

0 Comments To This Article