Abb Back From Brink and Into the Black

Summary


Swiss heavy engineering firm ABB - which has a number of subsidiaries in the West Midlands - yesterday swung to a net profit for the first time in five years.

A better than expected net profit of $735 million (pounds 417.6 million) in 2005 compared with a net loss of $35 million (pounds 19.8 million) the previous year.

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Extract


Abb Back From Brink and Into the Black

Asbestos claims and crippling debt pushed it to th...

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