Austrian refractories producer RHI AG today reported a minor drop in net profits for the second quarter of 2012, despite seeing revenue growth in both its steel and industrial divisions as well as an increase in margins.
RHI’s CEO Franz Struzl told IM that new premium-priced refractory technologies in both its steel and industrial divisions accounted for higher revenues from slightly lower sales volumes.
Net profits declined slightly to €30.3m ($37.5m) from €30.7m ($38m) from the same quarter last year.
Quarter-on-quarter, the company’s operating margin went up by 10.3% to €44.1m ($54.7m).