Micon records loss

Google Translate

A loss of DKK 22 million for the first six months of the 1996/97 financial year for Micon A/S was reported to the Copenhagen stock exchange last month by the wind firm's majority shareholder, Schouw & Co, a publicly traded company. At the same time Schouw reported it had increased its share of Micon to 71.9% and that the wind company expected to break even in the latter half of the year. Orders for 1997 were also looking good, according to Schouw. A fierce price battle among wind companies selling to the home market was the explanation given for the loss, along with contracting markets in India and Germany.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in