latest news releases from the newsroom
H & M Hennes & Mauritz
H&M to Open Stores in Ireland
STOCKHOLM, Sweden, Aug. 12, 2004 (PRIMEZONE) -- H & M Hennes & Mauritz AB has signed a contract for the first store in Ireland. The store, which will open in March 2005, will be situated in a shopping centre in Dundrum outside Dublin.
Numico -- video interviews with CEO and CFO
Zoetermeer, The Netherlands, Aug. 12, 2004 (PRIMEZONE) -- Numico -- second quarter and first half results. Indepth interviews available now on www.cantos.com with Jan Bennink, President and Chief Executive and Jean-Marc Huet, Chief Financial Officer
Interroll Holding AG
First-Half Results 2004 Confirm Incisive Strategy of Interroll
SANT'ANTONINO, Switzerland, Aug. 12, 2004 (PRIMEZONE) -- The Interroll Group, a worldwide leading supplier of conveyor components and subsystems for unit load handling, looks back on a successful first half of 2004: Total Output grows, Net Profit is up by almost 50%, and margins remain high in spite of precarious situation in global steel market.
Citizens Trust Bank
Citizens Bancshares Corporation Announces Second Quarter Earnings for 2004
ATLANTA, Aug. 11, 2004 (PRIMEZONE) -- Citizens Bancshares Corporation (OTCBB:CZBS) (the "Company"), the parent company of Citizens Trust Bank ("CTB"), today announced its second quarter earnings of $0.30 per diluted share in the second quarter 2004, down from $0.35 per diluted share from the same period of the previous year. Second quarter net income decreased by 15 percent to $614,000, compared to $719,000 a year earlier, as the second quarter 2004 net income was impacted by a 285 percent increase in the provisions for loan losses, or $0.09 per diluted share. During the three month period ended June 30, 2004, the Company recorded a loan loss provision of $250,000 compared to $65,000 for the same period last year. Total nonperforming assets declined from $8,530,000 at December 31, 2003 to $4,889,000 at June 30, 2004. As a percent of total assets, nonperforming assets improved by 0.92 percent to 1.45 percent at June 30, 2004 compared to 2.37 percent at December 31, 2003.