Sponsored
Article Tools

Alpine Reports Drop in Earnings

Published: August 31, 2011; 17:12 · (Vindobona)

Austria’s second largest construction group incurred a loss of € 3.1m in the first half of the year. Strong growth in construction output was offset by increasing material and personnel expenses.

Alpine Reports Drop in Earnings / Picture: © Alpine Logo Press Photo

Alpine, which is a unit of the Spanish FCC Group, got into the red in the first six months of 2011. After a meager profit of € 11,000 in the first half of 2010, the company incurred a loss of € 3.1m from January to June 2011.

The consolidated construction output grew strongly from € 1.39bn to € 1.52bn, corresponding to a plus of more than 9%. Expenses for materials and…

This article includes a total of 246 words.

or Log In