Bull Makes Profit but Debt Row Continues.Hardware vendor Groupe Bull Groupe Bull (also known as Bull Computer or simply Bull) is a French computer company based in Les Clayes-sous-Bois, outside Paris. The company has also been known at various times as Bull General Electric, Honeywell Bull, CII Honeywell Bull SA is finally making a profit as it continues to grapple with to enter into contest with, resolutely and courageously.
See also: Grapple a debt crisis that has led to a row between the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
European Community and the French government.
Having been delayed; done or sent too late: a belated birthday card.
[be- + lated. figures from the Paris, France-based company show net income of 1.3m euros ($1.5m) in the six months to June 30, up from a loss of 524.2m euros ($616.3m) on revenue that fell 17.6% to 733m euros ($755.3m). Auditors have refused to sign off the figures because of doubts as to whether the company is a going concern.
Chief executive Pierre Bonnelli said the company would complete its debt re-financing by the end of the year. The French government is locked in a row with Brussels because EU officials want Bull to pay back 450m euro ($525m) in state aid. France argues that it should be allowed to "forgive" up to 80% of the loan in the same way as private investors involved in a company restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). .
Bonnelli told the Financial Times that Bull is now in "perfect health" and doesn't need subsidies any more. The company forecasts second-half revenue of 622m euros ($727.7m), and earnings before interest and taxation of 15.8m euros ($18.5m).