30% annual profit growth forecast for 2000-2002
1999 result slightly higher
heavy losses in Germany, but improvement in sight
excellent results in other sectors
Rijswijk – Net profit of HBG, Hollandsche Beton Groep nv, increased in 1999 to NLG 138 million [NLG 132 million], which equates to NLG 4.06 per share [NLG 3.93]. As forecast at the time of publication of the half-year figures, profits were adversely affected by the very heavy losses in Germany. The HBG group companies in all other sectors – particularly in the Netherlands, the United Kingdom and Ireland and in the dredging sector – achieved very good results.