Y2K to blame for Compel profit slumpgreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread |
Y2K to blame for Compel profit slump By: Robert Blincoe Posted: 20/09/2000 at 11:37 GMTY2K has been blamed for Compel reporting a steep fall in full-year pre-tax profits from #12.7 million to #2.08 million
Sales for the year to June 30 slipped from #293.8 million to #288 million.
The company reported exceptional charges of #1.19 million for a cost-cutting restructuring exercise and for fending off an unwanted bid by rival Computacenter.
http://www.theregister.co.uk/
-- Martin Thompson (mthom1927@aol.com), September 20, 2000