By Suzanna Kerridge, 14 July 1998 14:41
NEWS SAP's shares took a tumble yesterday after the company warned second quarter pre-tax profits would be lower than expected. The German-based software company said pre-tax profit rose 40 per cent in the first half of this year, 10 per cent below investor expectations. A spokesman blamed costs associated with economic turmoil in Asia and a recent staff incentive scheme. Without the employee-bonus scheme, pre-tax profit would have risen 46 per cent, he said.
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