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AMAG Says First-Quarter Profit Rises 67% to 17.5 Million Euros

AMAG Austria Metall AG, the aluminum producer which listed in Vienna in April, said its first-quarter profit soared 67 percent after sales increased.

Net income rose to 17.5 million euros from 10.5 million euros a year earlier, the Ranshofen, Austria-based company said in a report on its website today.

With first-quarter results “confirming” the positive “overall outlook for the company,” AMAG is “equally confident of achieving continued good results for the rest of the year,” according to the aluminum producer.

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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