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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.

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…
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