ZURICH, March 14 Toilet and plumbing materials
supplier Geberit reported a 30 percent increase in
annual net profit on Tuesday and said it would launch a 450
million Swiss franc ($446.87 million) share buyback later this
Annual net profit rose to 548.2 million francs, from 422.4
million francs a year earlier, the Swiss company said, missing
forecasts of 557 million francs in a Reuters poll.
The company had previously reported annual sales of 2.8
billion francs for 2017, 8.3 percent higher than a year earlier.
($1 = 1.0070 Swiss francs)
(Reporting by John Revill)