ADP News Austria

Austrian Hirsch Servo net loss expands to EUR 1.33m in Q1 FY'09.(Financial report)

(ADPnews) - Nov 26, 2009 - Austrian packaging and machinery group Hirsch Servo AG (WBAG:HIS) saw its net loss soar to EUR 1.33 million (USD 2.01m) in the first quarter of fiscal 2009/10, from EUR 330,000 in the same period a year ago.

Pretax loss also widened -- to EUR 1.31 million from EUR 500,000 in the three months to September.

Hirsch Servo booked a loss before interest and tax of EUR 910,000, while it posted a positive result of EUR 680,000 for the first quarter of 2008/09, ended June 30.

The company's equity ratio fell to 11.2% from 12.6%.

Revenue amounted to EUR 19.7 million, down 29% year-on-year. …

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