ESPACIO PUBLICITARIO
CARACAS, Monday February 25, 2013 | Update
 
|
share
|
DEVALUATION

Johnson & Johnson estimates profit loss upon Venezuelan devaluation

The company projects that devaluation will translate into a loss of four cents per share in the first quarter, yet it will not hit profits in 2013

EL UNIVERSAL
Monday February 25, 2013  02:22 PM
Consumer and health product firm Johnson & Johnson said Monday that it expects to take a charge of about USD 100 million in the first quarter due to Venezuela's currency devaluation.

J & J said that the charge is equivalent to about four cents per share and will not hit the company's estimated income in 2013 (USD 5.36-5.45 per share), Reuters informed.

Early in February, Venezuela devaluated the bolivar from VEB 4.30 to VEB 6.30 per US dollar. This is the country's fifth devaluation in 10 years.
|
share
|
ADVERTISING SPACE
Dossier
Gagging Twitter users

Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren.

 Ranking
  •  Read 
 
fotter clasificados.eluniversal.com Estampas
Alianzas
fotter clasificados.eluniversal.com Estampas
cerrar