B&S Group SA on Monday reported a 33% fall in net profit for 2020, with a fall in sales due to the coronavirus pandemic somewhat mitigated by cost controls. The Amsterdam-listed distribution business made a net profit for the year of 40.6 million euros ($49.2 million) compared with EUR60.3 million a year earlier. Turnover fell by 5.9% to EUR1.86 billion.

Source: Wall Street Journal February 22, 2021 06:33 UTC