95% drop in Jefferson Smurfit pre-tax profits
SFG Funding Plc chief executive officer Gary McGann, said economic weakness, with a significant strengthening of the euro against the dollar, adversely impacted on demand in 2003.
“Managing each of the factors within our control has served to deliver acceptable profitability and strong cash-flow in 2003. We continue to make progress towards the objective of increased sustainable performance and to improve operating margins at each point of the industry cycle.
