Cannondale: Annual Bicycle Profits Up

BETHEL/CT, USA (August 15) - Cannondale reported a 16% higher $1.4 million (€ 1.43 million) profit in its bicycle division over its fiscal year 2001/02, which ended on June 30, 2002. Its bicycle sales fell 5% to $134.6 million for the year. Late deliveries of suppliers were held responsible for fallen sales. Bike margins climbed

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