SDA posts strong profit increase
The Swiss News Agency AG nearly doubled its consolidated net income last year. The SDA Group posted a net profit of 2.0 million Swiss francs. Revenue increased by 2 percent.
Schweizerische Depeschenagentur AG practically doubled its consolidated profit last year. On balance, the SDA Group earned CHF 2 million. Turnover increased by 2 percent to 36.9 million francs. The parent company, the SDA news agency, posted an annual profit of 1.5 million francs, as announced on Wednesday. Operating income amounted to 27.8 million francs. This is around 3 percent more than in the previous year. The SDA Group also owns Sportinformation (SI). It also holds stakes in News aktuell, which distributes media releases, and the financial news agency AWP (AG für Wirtschaftspublikationen). Last year, the SDA Group also acquired a 40 percent stake in the picture agency Keystone. The remaining 60 percent is held by the Austrian news agency APA.
Return of Ringier Last year, the SDA news agency succeeded in winning Ringier back as a customer after the publishing house had dropped out in 2005. The contract with the Federal Chancellery was also renewed for three years in 2007. On the other hand, the Mittelland Zeitung and the Neue Luzerner Zeitung terminated their contract with SDA.
Hans Heinrich Coninx was confirmed as Chairman of the Board of Directors at the SDA Group's Annual General Meeting in Bern on Wednesday. The other members of the Board of Directors were also elected for a further term of office. The shareholders also increased the previously valid participation limit of a shareholder from 10 percent of the total capital to 20 percent.
Return of Ringier Last year, the SDA news agency succeeded in winning Ringier back as a customer after the publishing house had dropped out in 2005. The contract with the Federal Chancellery was also renewed for three years in 2007. On the other hand, the Mittelland Zeitung and the Neue Luzerner Zeitung terminated their contract with SDA.
Hans Heinrich Coninx was confirmed as Chairman of the Board of Directors at the SDA Group's Annual General Meeting in Bern on Wednesday. The other members of the Board of Directors were also elected for a further term of office. The shareholders also increased the previously valid participation limit of a shareholder from 10 percent of the total capital to 20 percent.
