Tyco posts 63 percent profit gain

Manufacturing News, Source : TheManufacturer.com
Published : 03 Aug 2004 16:22

Tyco International Ltd. reports that third quarter profit was up 63 percent thanks to revenue growth, improved margins, and lower interest.

Tyco International Ltd. reports that third quarter profit was up 63 percent thanks to revenue growth, improved margins, and lower interest. Total revenues totaled $10.45 billion, up 11 percent from $9.41 billion a year earlier.

Still recovering from a corporate scandal during the reign of its former CEO L. Dennis Koslowski, Tyco has undergone a successful restructuring and image rebuilding program.

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