RHI sees Q3 2015 profit rise by 5.5%

By Liz Gyekye
Published: Thursday, 05 November 2015

Despite a challenging environment, RHI has posted a rise in Q3 pre-tax profit which has been helped by strong sales in its industrial arm. Although it expects to increase group revenues by more than 3% for 2015, the company is still concerned about marcoeconomic conditions impacting on refractories orders.

Austria-based refractories producer RHI AG saw its pre-tax profit increase by 5.5% to €19.1m ($21m*) for the period ended 30 September 2015, compared the same period last year, due to strong business development in its industrial division.

The company’s group revenue decreased by 1% year-on-year (y-o-y) to €410m, due...

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