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.
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.
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.
Bank Austria has issued a EUR 1bn public bond with a ten year maturity and an interest rate of 4.125%.