Frigoglass posts lower fourth-quarter loss

Greek refrigerator maker Frigoglass reported a smaller loss in the fourth quarter compared to the same period a year earlier on Thursday, helped by cost savings and lower input costs.

The company, which sells coolers to beverage companies including to Coca-Cola HBC and to brewers in Europe, said its fourth-quarter net loss shrank to 6.2 million euros ($6.5 million) from 32.4 million euros in the same period in 2013.

Sales rose 0.5 percent to 127.5 million euros.

[Reuters]