September 14, 2017 / 5:47 AM / 10 months ago

Merger-related expenses weigh on RHI's H1 core profit

VIENNA, Sept 14 (Reuters) - Austrian fireproof materials maker RHI on Thursday reported a 28 percent fall in its first-half core profit due to expenses related to the merger with Brazilian rival Magnesita and negative currency effects.

Earnings before interest and tax (EBIT) fell to 49.6 million euros ($58.89 million) on sales of 855.8 million euros in the six months through June, the group said.

The Austrian company, which has agreed to pay 450 million euros for Magnesita, said it had obtained all merger control clearances and expected to close the deal by late October.

Reporting by Kirsti Knolle; Editing by Shadia Nasralla

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