Strabag cutting down losses

Companies ♦ Published: August 31, 2010; 18:40 ♦ (Vindobona)

The construction company increased its backlog by ten percent, the number of employees fell by six per cent, the net loss was cut in half.

Strabag cutting down losses / Picture: © Wikipedia / Tsui

The listed construction company Strabag SE has halved its net losses in the first half of 2010.

Net income after minorities declined from minus €23.4m ($29.7) to minus €11.5m ($14.6) over the same period last year.

Before minority interests, net loss was reduced from €21.8 ($27.7) to €12.8m ($16.25).

The construction output fell by 7 percent to €5.23b…