« Supreme Court throws out tax ruling against MeadWestvaco
General Growth Properties shops for joint-venture partners »

Thomson SA sees first-half loss and omits dividend

TEL AVIV (MarketWatch) — Thomson SA, the Paris producer of communications technology, said on Wednesday that it expects to report a first-half loss from continuing operations and that the board omitted the dividend. The company expects to be profitable in the half from operations before restructuring measures. First-quarter revenue fell 18% to 1.02 billion euros from 1.24 billion in the year-earlier period, Thomson reported. Revenue on a constant-currency basis fell 11%. For the second quarter, the company expects constant-currency revenue down 6% to 8%. “Recent weeks have seen a modest improvement in business conditions,” Thomson said. On Feb. 14, Thomson had said it would pay out 0.33 euro a share to holders. It omitted the dividend to direct resources to improving profitability, Thomson said. The company said it hopes to reduce operating costs in 2008 by 50 million euros by improving processes, upgrading information technology and taking other measures. […]

Original post by Forextvblog

This entry was posted on Wednesday, April 16th, 2008 at 2:05 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Thomson SA sees first-half loss and omits dividend”

  1. Thomson SA sees first-half loss and omits dividend Says:
    April 16th, 2008 at 4:42 am

    […] unknown wrote an interesting post today onHere’s a quick excerptTEL AVIV (MarketWatch) — Thomson SA, the Paris producer of communications technology, said on Wednesday that it expects to report a first-half loss from continuing operations and that the board omitted the dividend. … […]

Leave a Reply