Few shareholders, big profit
Article Abstract:
Karosa (Vysoke Myto, Czech Republic), bus manufacturer, saw a net profit of 296 mil Kc in 1998, 126 mil Kc more compared to 1997. A part of the profit will be transferred to the firm's reserve and social funds and 275 mil Kc will be left retained. Karosa's proceeds increased by 489 mil Kc, 15%, to 3.713 bil Kc in 1998 compared to 1997. Karosa sold a total of 1,078 buses in 1998. About 538 of the buses were sold on the domestic market. The volume of the firm's exports to the western markets increased by 55.5% to 311 buses in 1998 compared to 1997. Karosa's most important foreign market was France in 1998. The volume of the company's exports to the eastern markets decreased to 137 buses in 1998 compared to 205 pieces in 1997. Karosa's majority shareholder increased its stake to 94% by the purchase of shares from funds and small-scale shareholders in 1998.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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They will not lose combs
Article Abstract:
CPN (Usti nad Orlici, Czech Republic), pharmaceutical firm, exported more than 1.5 t of hyaluronic acid (HA) in 1998. The quantity represented 15% of the global market. Worldwide, the price of HA is 2,000-5,000 DEM per kg. CPN's total HA sales were 33% bigger in 1998 compared to 1997. CPN, which has 60 employees, became Europe's largest HA producer. Annual HA consumption in the Czech Republic is 3-7 kg. HA is used in cosmetics as a moisturiser and in pharmacy as an anti-arthritis drug and during operations. Originally, HA was produced from cocks' combs, now CPN produces it by a biotechnological method. The company has applied for the registration of a new veterinary drug with HA for the treatment of horses' motion apparatus. It also plans to begin producing other products including sun creams.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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They exact profit
Article Abstract:
Lecotex (Tabor, Czech Republic), car accessory and headrest manufacturer, saw a profit of 15.7 mil Kc in 1998 compared to 93,000 Kc in 1997. A reason for the increase was the entrance of minority shareholders to the firm in November 1998. They are represented by the minority shareholder protection company Jet Investment (JI) (Czech Republic). JI has pointed out high costs, which were accounted by the parent firm Bertrand Faure (France). The parent firm has been Lecotex's majority shareholder with a 70% stake since 1995. The costs included mainly costs on logistics, development and research. Lecotex saw a net profit of 380 Kc per share in 1998, due to the supervision of minority shareholders. The current price of a share in Lecotex is about 360 Kc.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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