The Local Switzerland

Swisscom results show big drop in profit

Wed, 07 Aug 2013 14:05:00 +0200

Two weeks after the shock suicide of CEO Carsten Schloter, telecoms giant Swisscom has presented its results for the first six months of the year.

Strong franc dampens Nestlé profits

Wed, 10 Aug 2011 18:24:01 +0200

The world's biggest food company Nestle posted Wednesday a 13.7 percent fall in first half net profit to 4.7 billion francs (€4.5 billion), hurt by the strong Swiss franc against most major currencies.

Taxes hit UBS profits

Tue, 26 Apr 2011 14:04:00 +0200

Swiss banking giant UBS said Tuesday that its net profit fell 18 percent to 1.8 billion francs ($2 billion) in the first quarter, hurt by a tax charge and higher personnel costs.

Novartis profits down in first quarter

Tue, 19 Apr 2011 15:55:00 +0200

Swiss pharmaceutical giant Novartis saw its first quarter net profit fall 4.0 percent to $2.82 billion, the company announced on Tuesday.