Austria Lan Jing Group Has Achieved Outstanding Performance For Second Consecutive Quarters.

2010/8/28 15:50:00 98

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In the first quarter of 2010, Austria Lan Jing group made full use of the world.

market

Good environment and excellent performance for second consecutive quarters.

Consolidated sales in the first half of 2010 increased by 3.6% to 847 million 200 thousand euros on the basis of 589 million 900 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.

Management

The result is even better than sales.

Half year profit before tax (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

Euro

Increased 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.