Embraer, Losses Shrinking, Forecasts Profitable 1998
Embraer lost US$13.2 million in 1997 but is forecasting a profitable 1998 after seven years of losses. The Brazilian manufacturer of the ERJ- 145 jet and EMB-120 turboprop said its 1997 turnover, or gross revenue, jumped 84% to a record $766.5 million, compared with $416 million in 1996. Embraer...
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