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StarragTornos Group Swings to H1 Profit; Net Sales Rise

MT Newswires·07/24/2026 01:29:58
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01:29 AM EDT, 07/24/2026 (MT Newswires) -- StarragTornos Group (STGN.SW) said Friday it swung to a profit in the first half, while net sales rose year over year. Net profit attributable to shareholders of the company for the six months ended June 30 was 61,000 francs, compared with a net loss of 9.1 million francs a year earlier. EPS was 0.01 franc, compared with a loss per share of 1.66 francs. The high-precision machine tools manufacturer's net sales were 220.5 million francs, compared with 218.2 million francs a year ago. The company said it expects its full-year 2026 result to be better than 2025, citing its current order backlog and project pipeline.