A year ago, it lost $15m on revenues of $20m. Goodwill amortisation, restructuring charges Tiffany Elsa Peretti Open Heart bracelet losses from discontinued operations effectively accounted for all of the losses in the earlier period.Turnover in the six months to the end of June increased to 9.7m (5.6m), but pre-tax losses widened to 11.9m (480,000). The shares closed down 9p at 13p.Tiffany Cushion will fall from {XEU}4.2bn ($4.32bn) last year to {XEU}3.7bn- {XEU}3.8bn in 2002, helped by higher profitability and a drop in interest payments to {XEU}165m-{XEU}170m. However, analysts said the improvements had been factored into share gains earlier in the week, and blamed profit-taking for a 6.3 per cent fall to {XEU}26.53 yesterday. Some said the lack of a Tiffany Elsa Peretti Open Heart charm outlook also depressed shares.[Warthog] reported pre-tax profits of 134,394 in the six months to September 30, against 35,816 a year ago, and earnings per share of 0.18p (0.03p). Sales rose 13 per cent to 5.4m from 4.8m in 2001.Although revenues at the exhibition Tiffany Elsa Peretti Open Heart drop earrings publishing group remained below last year's level, it expected profits for 2002 to be within expectations. The group, which last year made pre-tax profits of 15m, is forecast to show a pre-tax outcome of 29m-30m this year.Oracle is doing rather better on dry land than on the high seas. Yesterday, the Oracle yacht, led by Larry Ellison, was knocked out of the America's Cup qualifying round by the Swiss team Alinghi in a 4-0 whitewash.
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