Nordic Business Report-April 25, 2006-SKF posts Q1 operating profit of SEK1,609m
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The Swedish ball bearings and seals manufacturer SKF issued on Tuesday (25 April) its interim report for the first quarter, posting an operating profit of SEK1,609m, as compared to SEK1,207m in the first quarter of 2005.
Net sales for the period amounted to SEK13,289m, up from SEK11,871m in the first quarter last year.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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