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August 15, 1988

CANADIAN MARCONI LOOKS FOR HIGHER PROFITS IN ITS UPCOMING FISCAL YEAR

By CBR Staff Writer

Canadian Marconi Co, in which GEC Plc has just over half the equity, looks for substantially higher profits in its upcoming fiscal year because of strength in the avionics sector: the company’s order backlog at June 30 was up 33% at the equivalent of $262m, and, in abeisance to its parent, is sitting on its own little cash pimple of $100m in readies and in short-term notes.

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