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EStAG Reports Moderate Rise in Earnings
The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.
EStAG Reports Moderate Rise in Earnings / Picture: © EStAG
In 2011, Energie Steiermark AG (EStAG) recorded a rise in revenues from 1.25bn to 1.37bn. EBIT rose from € 69.8m to € 83.3m. However, operating profits declined by 3.9% from € 96.7m to € 92.6m, as the financial result worsened. Earnings from participations declined from € 26.9m to € 9.2m.
The management board explained that this is due to a write-off in Verbund…
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