C.A.T. oil: Results Influenced by Diversification into Third Core Business

Published: May 30, 2011; 10:57 · (Vindobona)

The Lower-Austrian provider of oil and gas field services registered a net loss of € 1m due to high tax expense. Revenues increased by 29.4% yoy to € 61m.

C.A.T. oil: Results Influenced by Diversification into Third Core Business / Picture: © Flickr

C.A.T. oil AG, a provider of oil and gas field services in Russia and Kazakhstan listed on the Frankfurt Stock Exchange, today announced its results for the first quarter of 2011. The company was able to benefit from a supportive macroeconomic environment, the increased customer demand and the milder winter weather conditions in the last year. It increased its total job count by 24.6%…

This article includes a total of 752 words.

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