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ATB Enhances Profitability
In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.
ATB Enhances Profitability / Picture: © Vindobona.org
ATB Group, which is owned by the Chinese Wolong Group, recorded sales of € 176.3m in the first six months of 2012. In the reference period of 2011, sales came at € 175.0m. EBIT was up by 12.1% to € 11.1m. The pre-tax profit was down to € 6.5m from € 7.9m. The net income soared by € 84.3m to € 12.9m, which is due to the results in the closed business segments. These results…
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