Embraer's Profits Drop After Slowdown In RJ Deliveries
Embraer's net income for the second quarter ending June 30 fell to US$36.8 million from $93 million for same 2001 period. Quarterly net sales totaled $589.7 million, down 28% from $823 million. Operating margins slid to 20.3% from 22.7%. Embraer attributed the decreases to reduced aircraft...
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