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S&T: Operating Loss Widened
The ailing Austrian IT service provider has not yet achieved the turnaround. Half of the company’s share capital has already been used up.
S&T: Operating Loss Widened / Picture: © S&T Austria GmbH
S&T announced on Thursday that its operating loss has widened from € 5.9m to € 6.8m in the first quarter of 2011. Revenue amounted to € 66.1m, a decline of 8.3% compared to the first three months of last year. On Friday’s general meeting, the shareholders will be informed that half of the company’s share capital has already been used up. The search for investors has not…
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