Smaller companies profit from growing economy

By: Together Abroad 18-05-2015 1:41 PM
Categories: Business news,

Alongside large companies, smaller companies benefit from the economic growth as well. The total revenues of small- and medium-sized enterprises climbed by 4%, while the operating profit rose by a quarter in the previous year.

These figures were reported by SRA, a network of accounting firms, based on examining accounts of more than 3,200 companies. Accordingly, last year’s average earnings rose by 32% compared to 2013. Companies located in Amsterdam, Rotterdam, The Hague and in northern provinces performed better in terms of turnover than other places in the Netherlands. The main cause of this rising profits seems to be the cost reductions, which companies implemented during the crisis.

SRA says that the industry and logistics are doing well, whereas the automotive industry, retail business as well as the construction industry is still struggling.

By: Maiko Schnelle

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