According to the latest figures by Statistics Netherlands, the net results of the enterprises quoted on the Amsterdam Stock Exchange amounted to 1,3 billion euro during the first six months of 2002. This is substantially less than in the same period last year, when the result was 15.3 billion euro.
Turnover on the other hand increased by over 5%. The non-financial enterprises lost 3.9 billion euro, whereas the financial institutions saw their gains fall by 1.6 billion euro to 5.2 billion euro.
Telecommunication suffers huge losses
The non-financial enterprises quoted on the Amsterdam Stock Exchange suffered a loss of 3,9 billion euro during the first six months of 2002. During the first six months of 2001 they still had profits worth 8,4 billion euro. The slide in the net results of the non-financial enterprises is manifest mainly in the telecommunication sector. In Food, the net result fell by 1 billion euro. The causes of this are the slowdown in returns and the negative financial results.
In the chemical industry, the net results were down by 1 billion euro because of a substantial increase in costs. The drop in the net results of banks and insurance companies is mainly caused by the 2.3 billion euro increase in financial burdens.
During the first six months of 2002, 98 of the 125 enterprises quoted on the Amsterdam Stock Exchange made a profit of 12.9 billion euro in total. On the other hand, there are 27 enterprises creating a loss of 11.5 billion euro.
5% turnover increase
The turnover of non-financial enterprises quoted on the Amsterdam Stock Exchange increased by over 4%. The main contributors were chemicals (+9%), construction (+9%) and trade (+8%). In business services turnover fell by 7% and the machinery and equipment industry by 5%. Turnover of financial institutions, banks and life insurance companies increased by 9%.
(source: Statistics Netherlands)