Koegel becomes profitable
Article Abstract:
Koegel (Chocen, Czech Republic), engineering firm, should invest about 40 mil Kc in 1999, mainly to increase the number and quality of services for road transporters. The company saw a turnover of 1.2 bil Kc in 1998. About 40% of the sum was represented by refrigerating semi-trailers. The firm produced 620 refrigerating semi-trailers in 1998. The rest of the 1998 production was represented by subsupplies for the assemblies of exchangeable car superstructures. The company saw a profit of 1.5 mil Kc in 1998 compared to a loss of 55.5 mil Kc in 1997. Koegel was set up during the privatisation of the former firm Orlican (Chocen, Czech Republic) in 1996. Koegel took over a debt of 170 mil Kc from Orlican. The debt was a reason for the firm's hitherto unprofitability.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Aliachem profitable this year
Article Abstract:
Aliachem (Prague, Czech Republic), chemical company, expects a net profit of about 214 mil Kc and proceeds around 10 bil Kc in 1999. Aliachem's owner Chemapol Group (CG) (Prague, Czech Republic) took the first step towards the sale of the firm in the autumn of 1999. A part of Aliachem's shares was transferred from the subsidiary C.H.Chem (Czech Republic) directly to the parent holding company CG. The transaction was worth 2.41 bil Kc and done upon agreement with the state bank Konsolidacni banka (KOB) (Prague, Czech Republic), which has liens for the transferred shares.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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