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Companies’ Cash on Hand Reaches Record High

Published: May 19, 2011; 17:25 · (Vindobona)

ATX and Prime Market companies‘ money holdings amounted to € 9bn in Q4 2010. Investments increased by 120% compared to the average of the three previous quarters.

Companies’ Cash on Hand Reaches Record High / Picture: © Vindobona.org

A survey published by the consulting company PricewaterhouseCoopers (PwC) found that the cash on hand of Austrian companies totaled to the record high of € 9bn in the fourth quarter of 2010, corresponding to an increase of 12.5% from Q3. Domestic investments went up strongly to € 3.54bn which is well above the average of the three previous quarters (€ 1.62bn). This is an increase…

This article includes a total of 209 words.

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