H&R Wasag reports record sales in Q4

ERJ staff report (RD)

Salzbergen, Germany – Low-PAH oil producer, H&R Wasag AG’s sales exceeded Euro1000 million for the first time in the fourth quarter (Q4) of 2008, compensating for the company’s write-down on inventories of Euro 29.6 million, and still returning an operating result of Euro 6.3 million.

The company said the 29.7 percent increase in sales to Euro 1035 million from Euro 798 million in 2007 was mainly driven by higher price levels. Earnings before tax reached Euro 47.4 million (adjusted for cartel…

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