Tarkett Sommer quarterly profit rises 11%
Net income rose to 6.1 million euros (US $5.4 million) from 5.5 million a year ago, while sales climbed 7.7% to 348.2 million euros, the company said in a faxed statement. Earnings before interest, taxes and amortization rose to 24.6 million euros.
Tarkett has been overhauling its business after earnings plunged about 80% in 1998 amid increased competition in Europe and lower demand in Russia. The German company also has been closing factories across Europe to help reduce costs.