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But the slump in profits means it will not be paying a dividend for 2001.
The study follows a slump in profits announced last week at two of the UK's biggest estate agents.
The parcel delivery company FedEx said yesterday it was laying off 1,000 people after a slump in profits.
James Montier of Société Générale reckons that, notwithstanding bullish industry analysts, Wall Street as a whole is anticipating a 20% slump in profits next year.
On February 21st the company reported a 6% rise in revenue for the fourth quarter but a 15% slump in profits.
The end of the patent on antidepressants Wellbutrin and Seroxat contributed to a 14% slump in profits in the first half of the year.
Similar(26)
In March, Prada reported a 28.2% slump in net profits in the 12 months to 31 January.
News of the slump in profit is certain to heighten resentment among Germans who believe they are paying for mistakes made by others.
[World Business, Section W.] Stocks Slump in Profit Taking Stock prices fell as investors pulled back in the absence of economic news and took some profits.
Akzo is facing a slump in profit as cheaper generic drugs erode sales of its antidepressant Remeron in the United States, with second-quarter sales falling 74percentt.
The Georgia-Pacific Group may have its credit ratings cut to below investment grade by Moody's Investors Service because of a slump in profit and rising debt after the company's $11 billion purchase of the Fort James Corporation.
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