Bad investment puts Agefi in the red
Business Media: The Agefi business media group in French-speaking Switzerland reported a loss of approximately 779,000 francs for the 2002 fiscal year.
Business media The French-speaking Swiss business media group Agefi posted a loss of around CHF 779,000 in the 2002 financial year.Business media The French-speaking Swiss business media group Agefi posted a loss of around CHF 779,000 in the 2002 financial year.
In the previous year, a profit of 41,000 Swiss francs was recorded. The loss was partly due to the acquisition of Success & Career in February 2002, when the Agefi Group took over 47 percent of the provider of career guides in print and online for 1.24 million francs. As the objectives of Success &
Career had not been achieved, Agefi had decided to terminate the purchase agreement.
to dissolve the agreement, according to a press release. Legal steps have been taken to recover the entire purchase price.
In the previous year, a profit of 41,000 Swiss francs was recorded. The loss was partly due to the acquisition of Success & Career in February 2002, when the Agefi Group took over 47 percent of the provider of career guides in print and online for 1.24 million francs. As the objectives of Success &
Career had not been achieved, Agefi had decided to terminate the purchase agreement.
to dissolve the agreement, according to a press release. Legal steps have been taken to recover the entire purchase price.
