Business News Archive - March 13, 2009

- Operating result in line with expectations: EUR 42 million (2007: EUR 42 million) - Higher revenue: EUR 1.4 billion (2007: EUR 1.3 billion) - Increase in order book: EUR 1.7 billion (2007: EUR 1.4 billion) - Net result lower: EUR 24 million (2007: EUR 27 million) - Forecast for 2009: lower operating result of approximately EUR 25 million Key figures EUR 1 million 2008 2007 Revenue 1 426 1 270 EBIT 42 42 Margin 2.9% 3.3% Profit before taxation 31 38 Net profit 24 27 Order book 1 667 1 438 Shareholders' equity 168 172 Capital ratio 17% 19% Net financing position (41) (63) Results in line with expectations Ballast Nedam achieved a revenue of EUR 1.4 billion with an operating result of EUR 42 million.

Annual Net Income up Fifty Percent on Eighty-Five Percent Rise in Sales Fiscal Year 2008 Financial Highlights -- Total revenues were $120.8 million, up 84.7% from $65.4 million in 2007 -- Net income was $25.4 million, up 50.2% from $16.9 million in 2007 -- Cash and cash equivalents were $48.4 million up from $45.5 million in 2007 -- Basic and diluted earnings per share were $1.25 and $1.19, respectively, up from $0.99 and $0.91 in 2007 Fourth Quarter 2008 Financial Highlights -- Total revenues were $34.7 million, up 80.1% from $19.3 million in the fourth quarter of 2007 -- Net income was $6.0 million, up 44.6% from $4.2 million in the fourth quarter of 2007 -- Basic and diluted earnings per share were $0.28 and $0.27, respectively, up from $0.23 and $0.22 in the fourth quarter of 2007 HARBIN, China, March 13 /PRNewswire-Asia-FirstCall/ --Harbin Electric, Inc. (''Harbin Electric'' or the ''Company'') (Nasdaq

GREENWICH, Conn., March 13 /PRNewswire/ -- White Birch Paper Company announced today that it will take market related downtime at its Stadacona L.P. Division in Quebec City, Quebec.

NEW YORK, March, 13 /PRNewswire-FirstCall/ -- Green Energy Resources (Pink Sheets: GRGR) announces the signing of two separate wood pellet export orders to Europe valued at approximately $14 million each. The exports are expected to commence between July and September of this year.

CLEVELAND, March 13 /PRNewswire-FirstCall/ -- NACCO Industries, Inc. (NYSE: NC) today announced financial results for the fourth quarter and full year 2008. Revenues for the fourth quarter of 2008 were $949.4 million, 13 percent lower than the $1.1 billion in the prior-year period.

BEIJING, March 13 /PRNewswire-Asia-FirstCall/ -- On Mar. 6th 2009, Beijing Zhongranweiye Gas Co., Ltd. ("the Company"), a fully owned subsidiary of Sino Gas International Holdings ("SGAS"), signed a purchase agreement with BuoAo Materials Ltd. ("BuoAo") of Zhangjiakou City.

Markets in Asia, Europe and North America were poised to push three days of gains forward to a fourth day Friday, pulling U.S. stocks from 12-year lows. The Nikkei index in Japan jumped 5.2 percent Friday, bolstered by U.S. markets which made sharp gains Tuesday and Thursday.

WUHAN, Hubei, China, March 13 /PRNewswire-Asia-FirstCall/ -- Wuhan General Group (China), Inc. (Nasdaq: WUHN) ("Wuhan General" or the "Company"), a leading manufacturer of industrial blowers and turbines in China, today announced that the Company's Board of Directors has appointed Mr.

CANONSBURG, Pa., March 13 /PRNewswire/ -- Aquatech is pleased to announce that they have received two nominations for this year's Global Water Awards organized by Global Water Intelligence (GWI) which will be presented at their annual conference in Zurich on April 27, 2009.

Open Your Closet, Open Your Heart... QUINCY, Mass., March 13 /PRNewswire/ -- J. Jill invites women to open their closets and their hearts to help other women in need. The specialty retailer is conducting a continuous clothing drive for gently-worn J.

Word of the Day
  • The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
  • In medicine, cauterization.
The word 'adustion' comes from the Latin 'adustio', 'burning'.