Business News

Cetis Back to Profit, Ups Revenues 32% in First Half

Celje, 31 August (STA) - The Celje-based printing company Cetis generated EUR 14.2m in sales revenues in the first half of 2011, which is 32% more than in the same period last year. The company is back in black with a net profit of EUR 963,000 after reporting a loss of EUR 1.6m in the first half of 2010.

The entire Cetis group, comprising eight companies, increased revenues by 27% to EUR 19.4m and posted a EUR 1.4m net profit. The group accumulated a loss of EUR 1.3m in the same period last year, Cetis said in a press release on Wednesday.

According to chairman Roman Znidaric, the increased sales of various types of documents had the biggest influence on the positive results of both the core company and the group, while revenues from other segments were up also.

Cetis, which specialises in security and commercial printing, is also expected to post a positive result for the entire year 2011, Znidaric added.

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