AG Industries' earnings rise by 45%

Date: 16 September 2004
Listed glass maker AG Industries dramatically boosted its earnings by firing workers, integrating divisions and changing management at its US subsidiary, it said yesterday.

Annual headline earnings surged 45 percent to R43.7 million from the previous year, while net income soared 64 percent to R34.4 million. Revenue rose 2 percent to R910 million, headline operating profit 29 percent to R84.8 million and cash flow from operations 22 percent to R104.8 million.Chief executive Alex Barrell said improved efficiencies were manifest everywhere.Gearing fell to 28 percent from 42 percent.

600450 AG Industries' earnings rise by 45%
Date: 16 September 2004

See more news about:

Others also read

The glass sector has the increasingly widespread requirement of having an unlimited catalogue of parametric shapes and creating new ones in a simple way without being an expert in the field.
Shoaib Akhtar is going to be back on Indian TV screens. He is going to be featured in the new TV ad campaign for Asahi Glass.
Glass Confusion is starting the New Year with Beginning Fused Glass group classes. The three-week course will be held Wednesdays from 10 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m.
Worldwide glass-substrate capacity is expected to continue to grow more than 40% each quarter through 2005, as a result of capacity expansion by existing glass-substrate suppliers and new companies joining the market, according to DisplaySearch.
Western Pennsylvania’s once-thriving glassmaking industry is dwindling, as did the domestic steel industry and for many of the same reasons: competition and cost.
Architects Robert and Esteve Terradas of Barcelona describe the city’s newly-renovated and expanded (45,000 m2) Science Museum (completed September 2004) as "a living museum that will set new standards in terms of transparency - a very modern construction that will enable the plants and animals inside to really live and breathe." The project was made possible by the use of an innovative grade of DuPont™ SentryGlas© Plus™ structural interlayer that is "UV-breathable, on the flat roof of an Amazonian rainforest exhibit".The UV-breathable 938 m2 laminated glass roof is rectangular in shape.

Add new comment