Business News


Cinkarna More Than Doubles Profit in First Half

Celje, 27 August (STA) - Chemical company Cinkarna Celje, one of the companies slated for privatisation, reported on Wednesday a net profit of EUR 8m for the first half of the year, which is 132% more than in the same period last year. Half-year revenues were meanwhile down by 1% to EUR 88.3m.

Director general Tomaž Benčina said in a press release that the planned profit for the first half of the year had been exceeded by 32%. He expects that the planned profit for the whole year will be reached.

The company exported EUR 76.2m in goods in the first half, and allocated a total of EUR 3.4m for investment. At the end of June, total financial debt to banks stood at EUR 2m, which is 42% less than at the end of the first half of 2013.

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