Austria's Polytec says Q1 net profit quadruples


VIENNA, May 19 (Reuters) - Austrian car parts maker Polytec's first-quarter net profit more than quadrupled, helped by a solid economic situation and a fall in its tax rate, the company said on Friday. In its first results statement since its initial public offering last month, Polytec said unconsolidated net profit rose 307 percent to 5.2 million euros ($6.65 million) in the three months to March 31. The company said the macroeconomic situation stabilised in the first quarter. "The ...

Premium Content (PAID Subscription Required)

"Austria's Polytec says Q1 net profit quadruples" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×