Den Bosch, Netherlands-based personal computer manufacturer Tulip Computers NV yesterday reported that it returned to profit in 1992, but warned that gross profit margins would quite possibly fall below 25% of turnover from the 30.4% it posted in 1993. Over the last one and a half years our profit margin has come off 14%. It is likely we will see margins dip below 25% in the coming years, said president Robert Romein although For 1994 I think our profit margins will only decline 1% or 2%, he said. The company says it wants to increase sales in 1994 by entering new market segments such as retailing to professionals working from home with personal computers. The company declined to give a 1994 results forecast but said a possible growth of turnover and profit depended on the general development of the economy, interest rate levels and currency rates. The company achieved net profits last year equivalent to $2.6m against a loss last time of $7.7m – the first loss in its history. A restructuring, which was completed in March last year, cut total costs by more than $9.5m or about 15% from the 1992 level. Tulip will keep looking for further cost cuts and productivity increases in the current financial year. In 1993, it raised sales of personal computers by 34% in markets that showed an average growth of 8.8%, but the fierce price attrition meant that turnover rose only 15% to $197m – and the Dutch government’s policy of keeping the guilder in lock-step with the Deutschemark put pressure on Tulip’s margins. The company will pay a bonus share dividend of one share for every 40 held, as well as the 31 cent cash dividend; no dividend was paid in 1992.