Chief Financial Officer Andrew Bonfield said the gross margin on gum was about 0.4% higher.
Mr Bonfield said the issue of possible opportunities for local firms had not been raised at the meeting.
"These latest results show the continued significant contribution of Hundred Group companies despite the double-dip recession, " Mr Bonfield said.
Theoretically, Bonfield has clean hands and has no reason to string investors along or to make promises he cannot keep.
"This will be complex, " Bonfield warned at the beginning of the call.
Bristol Chief Financial Officer Andrew Bonfield will discuss the restatement at the SG Cowen Health Care Conference at 8 A.M. tomorrow in Boston.
On a conference call this morning, Bonfield indicated that there were also other ways in which Bristol's bookkeeping deviated from generally accepted accounting principles.
Another local businessman, Richard Bonfield, said the "sheer scale" of the operation could hit businesses such as manufacturing and haulage as well as local tourism.
But, this morning, Bonfield provided the clearest picture yet of exactly how Bristol has been doing and exactly how the New York-based drug giant's accounting went so awry.
For one thing, there's Chief Financial Officer Andrew Bonfield , who previously worked as CFO at SmithKline Beecham, now part of GlaxoSmithKline (nyse: GSK - news - people ).
To facilitate the restatement, New York City-based Bristol brought on a new chief financial officer, Andrew Bonfield Andrew Bonfield , who served as chief financial officer at SmithKline Beecham before it became part of GlaxoSmithKline .
"We're in the middle of a well-trailed programme for reducing the rate of corporation tax while other business taxes such as NI and VAT have risen, " Andrew Bonfield, chairman of the tax committee of the Hundred Group said in a statement.
To facilitate the restatement, New York City-based Bristol brought on a new chief financial officer, Andrew Bonfield , who served as chief financial officer at SmithKline Beecham before it became part of GlaxoSmithKline (nyse: GSK - news - people ).
That it has taken so long to produce a plan with few surprises will hardly reassure investors that a management still led by its (excessively) executive chairman, Sir Iain Vallance, and its chief executive, Sir Peter Bonfield, has the capacity for speedy execution that distinguishes followers from leaders.
Investors cheered as Dolan predicted 28% earnings growth for 2003, Chief Financial Officer Andrew Bonfield assured that the company's numbers are solid and new Chief Scientific Officer James Palmer outlined a pipeline of drugs that might allow Bristol (nyse: BMY - news - people ) to weather another round of patent expirations.
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