INDUSTRY PROFITS ROSE 16% IN Q2.
Despite a weak economy and awful Spring weather, all sectors had improved results for the second quarter of 2003. Return on sales in the industry rose to 4.68% from 4.29%, with the apparel sector showing the biggest improvement. Revenues for the 46 global companies who report quarterly rose 6%. Results are for the quarter ended nearest to June 30.
The solid increase in a lousy environment suggests that industry profits could really take ... Log in to view full article.
