ALSO boosts net profits in first half

Distribution giant ALSO’s net profits hit €36.9m (US$43.3m) in the first half of the year – up 32.4% year-on-year. Pre-tax profits were up 27.6% at €51.4m (US$60.3m). With sales up 9.5% at €4.13 billion (US$4.84 billion), ALSO’s first half net profit margin reached 0.89%. Gustavo Möller-Hergt, CEO at ALSO Holding, said: “Our clear strategy, determined management as well as our implementation-focused employees constitute the backbone of our sustained success.” Read full story