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Electricity Senior Staff Association Impeach President for Alleged Corruption
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Concentric Interim Report January
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In a statement to react to claims on Accra-based Oman FM and a publication by the Daily Guide Newspaper to the effect that he [Amidu] was in charge of prosecuting the MPs found culpable of taking double salaries but failed to prosecute them before leaving office, he described the allegation as a politically-inspired propaganda against my integrity, which sought to link my resignation to the failure or refusal of this irredeemably corrupt government for four whole years to deal with the simple offence of double salary or stealing (as the Criminal Investigations Department of the Police Service put it), are false, infantile and barefaced lies intentionally concocted and put out by the Office of the Attorney General to the unsuspecting public under the sub-heading Godfred Yeboah-Dame .
FIRST QUARTER
Net sales: MSEK 432 (456) – sales were down –5% year-on-year. After adjusting for impact of currency (–10%) and Allied Enterprises (+5%) sales year-on-year remained flat.
Operating income: MSEK 95 (87), generating an operating margin of 21.9% (19.1).
Net income for the period: MSEK 72 (60); basic EPS of SEK 1.90 (1.60).
Cash flow from operating activities: MSEK 73 (81); continuing strong cash generation.
Group s net debt: MSEK –90 (27); gearing ratio of –7% (2). Net remeasurement gain on pension liabilities of MSEK 115 drove the reduction in net debt.
President and CEO, David Woolley, comments on the Q1 2021 Interim Report.
Market and sales development
Published market indices suggest production rates, blended to the Group s end-markets and regions were up by +18% year-on-year in the first quarter suggesting our key end-markets, Europe and North America continue to recover from the global pandemic. Group sales in constant currencies and excludi
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