Apr 21, 2005. /Lesprom Network/. Austrian paper Heinzel Holding owned by Alfred Heinzel, chairman of the supervisory board of state-owned holding company OeIAG, posted a net profit of 39 million euro ($50.98 million) for 2004, up from 21 million euro ($27.45 million) a year earlier, the holding said on April 20, 2005. Earnings from ordinary operations rose to 40 million euro ($52.29 million) from 30 million euro ($39.22 million). The considerable profit increase is due to sale of two minority shareholdings and tax refund in a Czech plant. Earnings before interest and tax (EBIT) fell to 29 million euro ($37.91 million) from 35 million euro ($45.75 million). Sales declined 2.0 pct year-on-year to 532 million euro ($695.43 million). Heinzel Holding includes Styria-based Zellstoff Poels and its Czech subsidiary Biocel Paskov, Vienna-based Wilfried Heinzel AG and Dutch cardboard specialist De Eendracht.