Sponsored Content
Austrian Construction Company Porr Reports Losses in the Second Quarter of 2020
The second largest construction company in Austria, Porr, recorded losses in the first half of the year 2020. The obvious reason: Covid-19 and the subsequent shutdowns and restrictions.
The Porr construction group has also posted losses in the second quarter of this year due to the Covid-19 crisis, although not to the same extent as at the beginning of the year.
Until June, the company posted a net loss of EUR 22.7 million (compared to a profit of EUR 6 million a year earlier), whereas until March it had posted a loss of EUR 21 million.
"The effects of the Covid-19 pandemic were clearly felt in the second quarter," the company stated on Wednesday. …
or Log In
Fast News Search