Business News

Žito Upbeat about 2013

Ljubljana, 14 December (STA) - Food company Žito plans revenue of EUR 113m in 2013, up 1.6% over projections for this year, while net profit it to surge from an estimated EUR 290,000 to EUR 1.9m, the company said Friday.

The business plan was confirmed by Žito's supervisory board on Thursday along with a revised strategy through 2015 that sees Žito becoming the leading producer of wheat products in the country.

In 2013 the Ljubljana-based company plans to accelerate expansion to foreign markets.

Žito specialises in bread, pasta and confectionery production.

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