latest news releases from the newsroom
Universal Stainless & Alloy Products, Inc.
Universal Stainless Reports Strong 2005 Third Quarter Results
BRIDGEVILLE, Pa., Oct. 20, 2005 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) reported today that sales for the third quarter of 2005 rose 29% to $43.1 million compared with $33.3 million in the same period of 2004. Third quarter 2005 net income rose 20% to $3.3 million, or $0.51 per diluted share. This compares with $2.7 million, or $0.43 per diluted share, reported in the third quarter of 2004, which included other income of $565,000, or $0.06 per diluted share related to the delayed receipt of prior year import duties. Third quarter 2005 net income rose 38% from the 2004 third quarter before including the other income in that quarter.
AB Lindex Wins an Additional Tax Case
STOCKHOLM, Sweden, Oct. 20, 2005 (PRIMEZONE) -- AB Lindex has won an additional tax case in the County Administrative Court. The tax case is relating to the income tax assessments for the fiscal years 1998 and 2000-2002, regarding tax deduction for losses in Lindex's German operation. The judgement means that Lindex is granted permission to make a deduction for Group contributions amounting to SEK 485M. The tax authority has the option to appeal the decision.
Scania at Busworld 2005: New range of Scania buses and coaches
SODERTALJE, Sweden, Oct. 20, 2005 (PRIMEZONE) -- Scania's new bus and coach range will be in focus at the Busworld exhibition in Belgium. A new range of engines with Scania EGR meet Euro 4 without any need for additives. The new bus and coach range boasts numerous innovative features that enhance fuel economy and uptime, facilitate bodybuilding and further boost driver appeal. Central in this is the new electrical system, which is based on CAN-bus technology.
Telenor Enhances Role in Thai Operator Through Investment in Thai Telco Holdings with Bencharongkul Family
OSLO, Norway, Oct. 20, 2005 (PRIMEZONE) -- Telenor's Singapore subsidiary takes a 49 per cent stake in Thai Telco Holdings in a strategic realignment with Bencharongkul family. Telenor Asia thereby achieves enhanced operational role in mobile operator DTAC through its mother company UCOM.Thai Telco Holdings Limited, (TTH) a limited liability Thai company, has executed a sale and purchase agreement (SPA) with the Bencharongkul family to acquire their 39.9 per cent stake in United Telecommunications Industry PCL (UCOM) for a total consideration of 9.2 billion Baht. Under the terms of the SPA, TTH has acquired 173.43 million UCOM shares at a price of 53.0 Baht per share.
Invitation -- Telephone press conference on DSM's Q3 results
HEERLEN, Netherlands, Oct. 20, 2005 (PRIMEZONE) -- On Thursday 27th October, DSM will publish its Q3 results at 8.15 hrs CET. Publication will be followed by a telephone press conference at 11.00 hrs CET with Mr Henk van Dalen, member of the Managing Board of Directors of DSM.