Shares in Georg Fischer, the Swiss manufacturing company, dropped by 3.8% on Thursday following the release of their first-half financial results. The company reported a decrease in net profit and sales due to unfavorable exchange rates. Earlier in the day, shares had tumbled more than 5%. Financial Report Highlights Net profit in the January to June period dropped to 123 … [Read more...] about Georg Fischer’s Shares Decline on Lower First-Half Profits
Georg Fischer
Georg Fischer Reports Net Profit and Sales Drop in First Half of 2023
Georg Fischer, the Swiss manufacturing company, has announced a slight decrease in net profit and sales for the first half of 2023. This drop can be attributed to the negative impact of unfavorable exchange rates, although it was partially offset by price adjustments. Financial Performance In precise figures, the net profit for the first half of the year amounted to 123 million … [Read more...] about Georg Fischer Reports Net Profit and Sales Drop in First Half of 2023
