latest news releases from the newsroom
Modern Times Group MTG Acquires 'Vision' Newspaper
STOCKHOLM, Sweden, Jan. 31, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, announced that it today acquired the 'Vision' weekly business newspaper from its founders for an undisclosed amount in cash. Vision is a well known Swedish newspaper and online news site, which will complement MTG's other financial publishing activities, including the financial daily, Finanstidningen, the monthly popular business magazine Kapital, and the financial news channel TV8.
Proha Plc Board of Directors Approved the Subscriptions of Option Issue and Directed Issues
HELSINKI, Finland, Jan. 31, 2002 (PRIMEZONE) -- In its meeting on January 31, 2002, Proha Plc Board of Directors approved the subscriptions of the option issue that is part of Proha's incentive system. In the issue, a total of 1,458,000 Proha Plc stock options were subscribed, entitling to the subscription of 1,458,000 shares. The stock options were granted without compensation to the personnel of Proha Plc and some of Proha Group's subsidiaries, as well as, to the members of the Board of Directors.
Bofors Defence Development Supports Upcoming International Role for Swedish Defense Forces
KARLSKOGA, Sweden, Jan. 31, 2002 (PRIMEZONE) -- In December, Bofors Defence received an order for additional development and materials to support international service of the CV 90 family of combat vehicles. The total value of the order is 107 MSEK (approximately US $10 million) and is part of a contract that was received last summer for the CV 90. The CV 90 will be used by Swedish military personnel in coming global operations within the framework of European Union (EU)/United Nations (UN) missions starting on January 1, 2003.
Stolt-Nielsen S.A. Reports Fourth Quarter and Year End Results (with link)
LONDON, Jan. 31, 2002 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (OSE:SNI), today reported results for the fourth quarter and the year ended November 30, 2001. Net loss for the latest quarter was $2.6 million, or $0.05 per Common share, on net operating revenue of $752.7 million, compared with a net loss of $5.9 million, or $0.11 per share, on net operating revenue of $635.5 million for the fourth quarter in 2000. Adjusted for non-recurring items, the net loss was $6.9 million or $0.13 per Common share for the quarter ended November 30, 2001 compared with a net loss of $13.1 million or $0.24 per Common share, for the same period of 2000. The weighted basic average number of shares outstanding for the fourth quarter of 2001 was 54.9 million compared to 54.8 million for the same period of 2000.