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September 19, 1995

VOLMAC CREEPS AHEAD AT THE HALFWAY MARK

By CBR Staff Writer

Cap Volmac Groep NV had only predicted modest profit growth for this year, so its figures at the half-way stage came as no great surprise. The Dutch software company, 58% owned by Cap Gemini Sogeti SA, said that product development had continued to put pressure on both profits and turnover, resulting in sales up 2% to the equivalent of $249.5m and net profits up 2.5% to $20.3m. The company predicted a similar growth in profits in the second half. It said that the market was performing better than 12 months ago, particularly in the maintenance, but prices in the contract employment market were below those of a year earlier.

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