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Linz Textil Reports Rise in Profits
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The Austrian textile manufacturer announced its results for the first three quarters, which showed a substantial increase in sales, earnings and profits. The outlook, however, is cautious.
Linz Textil Reports Rise in Profits / Picture: © Vindobona.org
In the first nine months of 2011, Linz Textil could raise its sales substantially: the figure rose from € 106.5m to € 122.7m (+15.2%). The growth rate in the first half year of 2011 was 23%. Moreover, EBIT rose from € 7.1 to € 9.7m, which is a rise by 36%. Earnings before Taxes (EBT) accounted for € 8.9m after € 7.2m. After profits of € 5.9m in the first nine quarters of…
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