TELEMECANIQUE SEES STABLE PROFITS AND DIVIDEND UP
French electronics group La Telemecanique
Electric <TLMF.PA> expects 1987 consolidated profits to remain
steady on 1986 levels, allowing the company to pay a higher
dividend this year, chairman Jacques Valla told the company's
general meeting.
    Valla said the outlook for 1987 was good and orders for the
group would increase by at least seven pct.
    Telemecanique posted a consolidated net profit of 236.8 mln
francs in 1986, compared to 215.1 mln in 1985, on turnover of
6.28 billion francs compared to 6.10 billion. The group paid a
dividend of 57 francs, compared to 52.50 francs.
 REUTER
