Boskalis: net profit +15%

Expectation 2002: net profit increase 5-10%.

In a turbulent year, dominated by economic stagnation, international political tensions and declining stock exchanges, Royal Boskalis Westminster nv achieved excellent results over 2001. Turnover increased by 13% to well over € 1 billion and the net profit per share increased by 15% to € 3.00.

The world market for dredging services and wet infrastructure keeps good prospects. Boskalis acquired new orders for over € 1 billion in 2001 and executes a program of further fleet renewal and expansion. The market position in the Middle East, where much work will be executed, was further strenghtened through a 30% participation in Archirodon. For 2002 a net profit increase of 5-10% is expected.

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(source: Boskalis Westminster)

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