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Logitech doubling profits and stock split

Logitech

in the fourth quarter of fiscal year increased its turnover by 19 and net profit by 123 percent. The company also announced a stock split.

Revenues for the fourth quarter of $ 175.9 million, representing an increase of 19 percent compared to revenue of $ 147.4 million in the same quarter last year. The net profit of $ 9.4 million ($ 4.04 per share) amounted to more than double the net income of $ 4.2 million in the comparable period last year.

At the AGM on 29 June Logitech intends to propose its shareholders now have a stock split at a 2:1 ratio. The shares rose on the day of publication by seven percent to $ 62.31. A year ago, the paper still had to pay $ 13.

Contact:
Logitech, Phone: 089/894670

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