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gategroup reports increase in profitability

Analysis

Despite an uneven global economic recovery and one-off events in Europe and North Africa, gategroup reported a 2010 net profit of CHF50.7 million, up 35.6% year-on-year. The company's strong increase in profitability was achieved on a 3.4% increase in revenue, although with currency fluctuations actual revenue actually declined 0.5%.

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