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BDI: Higher Earnings, Lower Sales
BioEnergy International´s EBIT was up by 13.4% at € 3.6m. Sales declined by 13.1%.
BDI: Higher Earnings, Lower Sales / Picture: © Vindobona.org
BDI generated a rise earnings in the 2011 fiscal year in spite of the difficult market environment. Although sales were 13.1% lower than in the previous year, earnings before interest and taxes (EBIT) were 13.4% higher at € 3.6m. It contains herein a deconsolidation income of € 0.7m due to the disposal of one Group company. This meant that the EBIT margin was 10.5%. In view of this…
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