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Linz AG: Decrease in Operating Profits
The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
Linz AG: Decrease in Operating Profits / Picture: © Linz AG
Today, CEO Alois Froschauer presented the figures of the Linz AG for 2009/2010. Operatings results were better than planned, Linz AG records € 20m. However, in the previous year the company´s operating profits amounted to € 21.1m. Sales rose by 8%: the figure moved from € 562m to € 607m.
In the fiscal year 2009/2010, Linz AG made investments in new power plants and…
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