Suominen announces results. (Earnings).
Suominen, Helsinki. Finland, reported year-to-date net sales of $86
million ([pounds sterling]85.3 million), down from $88.5 million
([pounds sterling]88. 1 million) last year. Net income for the half year
period reached $8.6 million ([pounds sterling]8.8 million), up from $5.8
million last year. The company's nonwovens segment sales achieved a
net Income of $6 million ([pounds sterling]6. 1 million) on sales of $42
million ([pounds sterling]42.6 million) for the period. The nonwovens
segment was boosted by Improved cost effectiveness and lower raw
material prices during the first quarter. Sales of hydroentangled wiping products Increased substantially. While hygiene product materials
decreased by a comparable volume.