Cross Industries Still in the Red

Business › n.a. ♦ Published: April 30, 2012; 19:44 ♦ (Vindobona)

Due to interest expenses, the Austrian industrial holding company recorded losses of € 4.5m after € 4.8m in 2010.

Cross Industries Still in the Red / Picture: © Vindobona.org

The industrial holding group Cross Industries, which is owned by the Austrian industrialists Stefan Pierer and Rudolf Knünz, is still in the red. In 2011, losses of € 4.5m were recorded.

This is mainly due to interest expenses, Cross Industries announced. Moreover, total assets were reduced considerably from € 1.433bn to € 818.5m. In November 2011, Cross Industries sold…

or Log In

Fast News Search
Related News
Pankl Achieved Record Results (April 30, 2012)
KTM Corporate Bond “Very Popular” (April 19, 2012)
Free Float at KTM Declines (April 6, 2012)
Bajaj Increases Stake in KTM (April 2, 2012)
Pankl Announces Strong Earnings Growth (March 19, 2012)
Read More
KTM, Earnings, Rudolf Knuenz, Cross Industries, Stefan Pierer, Pankl, Brainforce, India, M & A
Featured
See latest Vindobona Newsletter