SMT Scharf AG (German securities code (WKN) 575198, ISIN DE0005751986), technology and global market leader for railbound railway systems for the mining industry, has improved its EBIT margin in the first six months of 2010 although revenue was lower. While revenue declined from € 24.8 million in the prior year to € 19.1 million (-23%), EBIT fell by a disproportionately low amount from € 3.6 million in H1 2009 to € 3.2 million (-12%). As a result, the EBIT margin increased to 16.5% compared to last year's figure of 14.4%. A lower tax rate caused consolidated net income to fall
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