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Drastic Profit Decrease at Raiffeisen´s Interests
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Published: April 27, 2012; 00:06 ♦ (Vindobona)
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In 2011, profits of interests held by RLB Lower Austria – Vienna Holding went down by 59%. CEO Hameseder is “not satisfied at all”.
Drastic Profit Decrease at Raiffeisen´s Interests / Picture: © Wikipedia / Franz Johann Morgenbesser (CC BY-SA 2.0)
RLB Lower Austria – Vienna Holding, at which several important industrial interests are kept, had to register a substantial decrease in profits. In 2011, net income before taxes decreased by 59% to € 150m from € 367m. Net income after taxes declined to € 107.9m from € 284m.
Erwin Hameseder, CEO of RLB Lower Austria – Vienna Holding admits that the results were not at…
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