Austrian economic news in a flash - 25 November 2010

Austrian machinery group Hirsch Servo AG closed the first quarter of its 2010/11 fiscal year with a pretax profit of EUR 0.23m, compared to a loss of EUR 1.31m a year earlier. Sales rose 27% to EUR 25.1m. The company said it has agreed on extension of its bank loan terms.
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Sparkassen Immobilien AG posted a net profit of EUR 1.3m for the first nine months of 2010, compared to a loss of EUR 71.6m in the same period last year. The company's income grew to EUR 126.2m from EUR 112.1m. S Immo said it sees growth chances in Austria and Germany and is examining currently new projects and acquisitions.
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The supervisory board of OMV has expressed its support for the company's CEO Wolfgang Ruttenstorfer, despite the investigation against the latter on suspicion of inside trading. 
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EnerjiSA Gruppe, the Turkish joint venture of utility Verbund, has filed offers for the buy of three power grids in the country. A total of 15 companies are interested in the privatisation of the grids.
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Japanese KDDI is said to be interested in IT services provider S&T, Format reported. According to the weekly, currently the stake of insolvent AvW in S&T, as well as shares of S&T, are being offered for sale.