Strong Profit Increase for Frauenthal Group

IndustrialsIndustrial Goods ♦ Published: August 24, 2011; 12:22 ♦ (Vindobona)

The Austrian component supplier reported growing revenue for the period from January to June. Net profit more than doubled to € 6.1m.

Strong Profit Increase for Frauenthal Group / Picture: ©

The Frauenthal Group’s financial performance continued to improve in the first half of 2011. Group revenue was up by 15.1% to € 287.5m, and the net profit after tax rose by € 3.2m to € 6.1m. At € 16.7m, EBITDA for the first half of 2011 represented an improvement of € 4.6m on the comparative figure for 2010, with more than half of the total contributed by the Automotive…