RHI: Profit Soared by 75%

Published: May 15, 2012; 12:23 · (Vindobona)

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…

This article includes a total of 672 words.

or Log In

Fast News Search