Fabasoft in the Red

CompaniesTechnology ♦ Published: December 1, 2010; 11:53 ♦ (Vindobona)

The Austrian software producer experiences slightly falling sales. Operating results are negative.

Fabasoft in the Red / Picture: © Fabasoft

In the first six moth of the 2010/2011 fiscal year the sales revenues of the Fabasoft Group declined slightly by 0.6% to € 10.23m, corresponding to € 10.29m in the corresponding period of the previous year.

The operating result (EBIT) decreased by 139.5% to € 0.24m in the first six months of the fiscal year 2010/2011 compared to 0.617 in the first six months of the fiscal…