ADP News Austria

Austrian Hirsch Servo sinks deeper into the red in 9-mo FY 2009/10.

(ADPnews) - May 28, 2010 - Austrian packaging and machinery group Hirsch Servo AG (WBAG:HIS) reported today an after-tax loss of EUR 7.38 million (USD 9.1m) for the first nine months of fiscal 2009/10.

In the corresponding prior-year period, the company had booked an after-tax loss of EUR 5.71 million.

Loss from ordinary activities broadened to EUR 7.28 million from EUR 6.44 million in an annual comparison.

Loss before interest and tax (LBIT) expanded to EUR 5.89 million from EUR 1.94 million. The EPS Processing business segment registered a positive result (EBIT) of EUR 860,000, although it was lower than the EUR 1.44 million booked in the prior-year period. …

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