Rubber products maker Semperit AG Holding said its net profit rose 17% to EUR 45.4m in 2010 thanks to good demand and cost savings measures. Sales increased 17.2% to EUR 689.4m. Semperit expects a satisfactory performance for 2011.
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Sanochemia Pharmazeutika AG said its sales in the first quarter of fiscal 2010/11 rose to EUR 7.03m from EUR 6.54m a year earlier. The net profit soared to EUR 403,000 from EUR 45,000. The company said it plans to focus on emerging markets in future.
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Sports items producer Head NV has decided to cancel its capital increase plans. Minority shareholders have massively complained that the move would lead to a considerable dilution of their shareholdings and to the eventual delisting of the company.
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Bank Austria has issued a EUR 1bn public bond with a ten year maturity and an interest rate of 4.125%.
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