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RHI: Profit Soared by 75%
The Austrian manufacturer of refractory products records a moderate increase in revenues. Earnings and profits were up remarkably. RHI predicts to achieve stable results in the second quarter.
RHI: Profit Soared by 75% / Picture: © RHI AG
Revenues of the RHI Group increased to € 436.9m in the first quarter of 2012, up 5.6% on the comparable period of 2011. While the Steel Division recorded an increase in revenues of 6.2%, revenues in the Industrial Division fell slightly by 1.1%. Despite negative foreign currency effects, the operating result of the first quarter increased by 15.1% to € 33.6m compared with the…
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