RHI refractories down 93% in Q3

By Mark Watts
Published: Tuesday, 03 November 2009

Austrian producer’s profits remain at low level; sees improvement towards year-end

Austrian refractories producer RHI AG reported a 93% drop in Q3 2009 net profit compared to the same period last year, but said it expected improvements towards the end of the year.

 

Net profit came in at €2.1m. ($3.1m.) compared to €36.8m. in Q2 2008, while revenues declined to...

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