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Strong Profit Increase for Frauenthal Group
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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: © Vindobona.org
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…
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