Profit TPG strongly reverse
Spent: 19 February 2004 09.45 head VILLAGES - posts
- and logistical concern TPG has in 2003, its profit considerably sees
decreasing. The nettoresultaat plummeted approximately 40 per
cent to 359 millions euro. The most important causes for the
profit fall were interventions at the divisie logistical, transfers of
goodwill, higher pension charges and the expensive euro, thus TPG
communicated Thursday at the presentation of its annual returns
concerning 2003. the turnover showed a minimum increase, of 11.66
billion euro in 2002, up to 11.78 billion euro previous year.
For 2004 TPG keep themselves on the plain. The concern
sets limits to the pronouncement that ' further improvements ' are
gained in company result and profit. The concern kondigde tevens
to full to commitment on the Chinese market. China the second
market for TPG must becomes, after Europe in the long run in scope.
To this end TPG invest the coming years maximum 200 millions
euro. Moreover up to 2006 a group of 150 managers and experts
(internally and externally) is used to reach aims put for China.
In the eyes of TPG China offers increase possibilities for all
main activities of the Dutch concern: , express (parcel
supplies) post and logistical (distribution, stock management).
At present TPG in China 2500 have employees in service and an
annual turnover of approximately 250 millions euro. The common
company with Shanghai Automotive (logistical) is in its type largest
of China. Furthermore reached TPG in April post a principle
agreement with China concerning strategic cooperation. The
ambitions of TPG affect also the top of its own organisation. It
from three divisies existing concern is as of now conducted in
stronger degree as an one company. The top thinks being able
operate as a result, more efficiently, increase battle strength and
costs to limit. The financial advantage must amount to euro in a
period of time of three up to five years 200 à 300 millions. In
the meantime know also TPG are book keeping problem. There its
doubts risen concerning the provision of information to the British
Tax and Customs Administration and to accountant
PricewaterhouseCoopers (PWC). Of the British dochterbedrijven of
TPG and concerns the period affects the matter end years ninety.
TPG let meanwhile Legal Advisers research carry out that to
estimate some weeks have been wound up. The disadvantageous
impact on the jaarreking will remain according to TPG restricted up to
at the most 40 millions euro. (c) DUTCH PRESS AGENCY
Source "profit TPG strongly reverse": nu.nl
Head index page of "profit TPG strongly reverse"
|
|
|
|