Ascom blames higher costs and acquisitions for mixed results

Ascom graphic - net profit up by 54 per cent. Ascom

The Ascom telecommunications group on Monday reported net profit growth for the first six months of 54 per cent to SFr60 million ($35 million). Turnover increased by 9.4 per cent to SFr1.5 billion.

This content was published on September 4, 2000 - 16:33

However, in a statement from its Berne headquarters on Monday, Ascom said operating profit fell 13.2 per cent to SFr46 million.

It said the drop was down to the "effect of acquisitions and disposals, as well as to increased development and marketing costs".

Ascom predicted an increase in group net income and turnover for the full year 2000 compared to 1999 but said the operational result was uncertain.

It said the proportion of group sales from e-business solutions continued to grow strongly.

It added that it was optimistic about field trials of Powerline Communications, the technology for transmitting telecommunications over the low-voltage power supply grid, saying tests were underway in 12 countries.

Shareholders of Ascom are invited to an extraordinary general meeting on September 15 to discuss the controversial issue of introducing a single-class share structure.


Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.