July 17, 2007 -- Swiss manufacturer Georg Fischer is eying acquisitions to add to its piping systems unit after the firm posted a forecast-beating rise in half-year net profit to 136 million Swiss franc ($113.3 million). "We are hopeful and we are optimistic," Georg Fischer Chief Financial Officer Roland Abt told Reuters on Tuesday when asked whether the company would buy another firm this year. Georg Fischer was looking into companies with sales between 50 million and 250 million Swiss francs, he said. Abt said he was confident that the company's profit in the second half of the year could reach the level of the first half. The company, which makes car parts, piping systems and machine tools, had sales of 2.25 billion francs in the first six months.
Source: Reuters News
Source: Factiva
