AXA Bicycle Products Sales Tumble

AMSTERDAM, The Netherlands (August 27) - Axa Stenman managed to increase its net profit by 20% to € 2.3 million or € 0.74 per share, despite poor sales in all its divisions bike parts and builder's hardware. Severe cost reductions and redundancies led to this half year 2002 result. Axa's turnover declined 3.2% to €

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