Switzerland: Swiss computer equipment group Logitech has posted a stable net profit for its fiscal year ending in March 2008 of $231 million despite strong sales growth.
The company saw sales grow by 15% over the year to $2.4 billion, but profit was nearly unchanged from the previous fiscal year’s $230 million.
The company also reported record fourth quarter sales and profit of $601 million and $60.3 million respectively.
For Fiscal Year 2009, ending March 2009, the company confirmed its financial targets of 15% growth in both sales and operating income. Logitech has bases in the western Swiss town of Romanel-sur-Morges, in Taiwan and in California.