Vienna Insurance Group (VIG) said its pretax profit rose 15% to EUR 505m in 2010. The company plans to raise its dividend to EUR 1 per share from EUR 0.90 for 2009. Premium income last year grew 6.1% to EUR 8.7bn. VIG projects an increase of 10% in its pretax result this year.
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Circuit board maker AT&S posted a net profit of EUR 29.6m for the first three quarters of fiscal 2010/11, compared to a loss of EUR 40m a year earlier. Sales rose to EUR 365m from EUR 272.5m. The company profited from the good Christmas sales in the field of smartphones and PC tablets, as well as from the strong demand from the automobile industry.
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The claims against insolvent technology company AE&E, part of collapsed A-Tec, stood at EUR 298m from 790 creditors. So far almost EUR 23m of the claims was acknowledged, the local creditor protector association said.
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Technology group Andritz said that its Hydro unit has received an order for the supply of electromechanical equipment to Electricidade de Portugal. The turbines will be for the utility's hydropower plants in Ribeiradio and Ermida.
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Steel group voestalpine has placed successfully its EUR 500m seven-year bond. The demand for the issue reached above EUR 700m, the company added. The bond will bear a coupon of 4.75%.
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