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Brain Force Records Losses Again
In spite of rising sales, the Austrian IT company registers slight losses. Brain Force justifies itself with the price pressure and sales activities.
Brain Force Records Losses Again / Picture: © Vindobona.org
Brain Force today announced a revenue growth of 16% for the first quarter 2011/12 (October 1 to December 31, 2011). The Group’s revenues in the first three months increased by € 2.76m to € 19.81m , whereby all regions reported a growth. The operating EBITDA amounted to € 0.30m compared to € 0.76m in the previous year, the operating EBIT decreased from € 0.21m to € -0.23m…
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