Austria'S Core Business Development Of Lan Jing
Austria in the first quarter of 2010
Lenzing Group
Making full use of the favorable environment of the global market, we have achieved outstanding performance for second consecutive quarters.
Integration in the first half of 2010
Sales volume
On the basis of 589 million 900 thousand euros, it increased by 3.6% to 847 million 200 thousand euros.
Sales growth has been strong in the past few years, mainly due to the amplification of fiber quantity and the active global market price. Meanwhile, the company first integrated fully. At the beginning of May 2010, the company merged the Biocel Paskov (Czech Republic) pulp production base, which was acquired in April 2010.
Business results are far better than sales.
Half year interest tax
profit
(EBIT) increased from 15 million 400 thousand euros to 108 million 600 thousand euros, an increase of 7 times.
Due to higher financing costs, pre tax earnings (EBT) increased by 30 times, from 8 million euros to 105 million euros.
The profit for the same period, after deducting the income tax of 24 million 600 thousand euros (2 million 100 thousand euros in 2009), reached 80 million 400 thousand euros (5 million 900 thousand euros in 2009).
Profits in the first half of 2010 have now exceeded 2008 and 2009 annual profits respectively.
As a result, the first half of 2010 was the best half year of the company's history.
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