CURRENCY LOSSES CUT SWISSCARGO PROFIT
Swisscargo’s profit for 1998 fell to 3.2 million Swiss francs ($2.2
million) from 28.1 million Swiss francs a year earlier because of
exchange-rate losses from Asian currency depreciation.
The company described the results as "unsatisfactory," but
if exchange rates had remained at 1997 levels, pretax profit would have
risen 8.5 percent.