voestalpine’s Q1 earnings under pressure amid 7.6% y/y drop in revenue
Company attributes weak performance to difficult market conditions in target market and one-time gain during Q1 FY2015/16
Austria-based voestalpine has reported 63.5% year-over-year (y/y) decline in profit after tax to EUR105.8 million (USD117.2 million) for the first quarter ended 30 June 2016, the company said in a press release.
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