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Hirsch Servo Still in the Red
The Austrian machine manufacturer and packaging supplier improved its results in the first three quarters of the financial year. Operational turnaround is still planned for 2010/11.
Hirsch Servo Still in the Red / Picture: © Hirsch Servo
Hirsch Servo group presented its figures for the first nine months today. Sales totaled € 66.9m (PY: € 57.4m), up around 16% year on year. The operating profit (EBIT) increased to € 0.34m (PY: minus € 5.89m) while the profit on ordinary activities (POA) was € -1.59m (PY: € -7.28m). Profit after tax improved to € -2.16m (PY: € -7.38m) with the balance sheet loss at €…
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