C.A.T. oil: EBIT Burdened by Higher Depreciation Expenses

Industrials › Industrial Goods ♦ Published: August 30, 2011; 11:00 ♦ (Vindobona)

The Lower-Austrian provider of oil and gas field services reported mixed results. Revenues increased by 24.4%, EBIT declined by 19.4% to € 10.0m.

C.A.T. oil: EBIT Burdened by Higher Depreciation Expenses / Picture: © C.A.T. Oil

C.A.T. oil AG today announced results for the first six months of 2011. In the second quarter of the year the company increased its total job count by 11.0% yoy to 878 jobs and its total revenues by 20.6% yoy to € 74.0m.

CEO Manfred Kastner commented: “During the second quarter we successfully advanced our operations and realized a strong top line growth. In addition, we…

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