FRANCE: Belvedere cuts operating loss to €1.4m
The French alcohol producer Belvedere reported 2001 unaudited net attributable profit of €2.2m (US$1.9m), compared to a €13.7m net attributable loss for 2000.
However the company still recorded a €1.4m operating loss for 2001, though this compares to a €3.5m operating loss in 2000.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for 2001 were €2.23m, compared to €110,000 for 2000.
The company has estimated a €6.0m operating profit for 2002.
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