German – and now pan-European distributor Computer 2000 AG warns that it expects group net profit to fall to around $20m in the current 1993-94 fiscal year $28.2m last time and that it would cut the dividend: it sees profits rebounding by 40% to 50% next fiscal year because Certain bad developments this year would not reoccur next year and the competitive situation would improve; the company will consider a new share issue if its share price should get up to 600 marks – it closed at 419.50 marks on Thursday.
