Metalimex will not look for further foreign shareholders
Article Abstract:
Metalimex (Prague, Czech Republic), raw-material trader, saw a net profit of CEK 129 mil in 2000. The firm will pay dividends of CEK 750 per share from the 2000 profit, CEK 50 more compared to dividends from the 1999 profit. The firm plans to use nearly 80% of its net profit for the payment of dividends by 2003. Its proceeds totalled CEK 15 bil in 2000. In 2001 Metalimex expects proceeds of CEK 18 bil. More than 50% of the firm's proceeds were represented by trade in coal from OKD (Ostrava, Czech Republic) and Ceskomoravske doly (CD) (Czech Republic) in 2000. Another 20% of the firm's proceeds are represented by trade in metallurgy materials and non-ferrous metals. Metalimex ended the exports of brown col in Mar 2001. The largest shareholder in Metalimex is the mining company OKD (Czech Republic) with a 49.9% stake. A 46.8% stake in Metalimex is held by the manager and trade firm K.O.P. (Czech Republic). Both the companies are the parts of the concern Karbon Invest (Czech Republic). K.O.P. includes CD and a one-third stake in the mining firm Sokolovska uhelna (Czech Republic). Metalimex will not exchange its owners shortly. The firm has ended negotiations about the acquisition of its stake with Ruhrkohle (Germany) and Voest Alpine (Austria).
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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The disputes of private OKD owners with the state end
Article Abstract:
OKD (Ostrava, Czech Republic), coal mining group, generated a profit of CEK 603 mil on revenues of CEK 43 bil in 2000. Now the group is expanding to Poland, having bought a part of the Morcinek mine and taking part in a tender for the privatization of the Budryk mine near Gliwice. OKD's majority owner is Karbon Invest (Czech Republic). The group OKD incorporates Ceskomoravske doly (Czech Republic), Metalimex (Czech Republic) and 36% of Sokolovska uhelna (Czech Republic). The state will buy 27 exhausted mines worth CEK 1.5 bil from OKD for a symbolic price of CEK 1. This will rid OKD of the responsibility for the mines' shut-down, for which the company had to release CEK 600 mil in 2000 because the state subsidy of CEK 1.6 bil was not sufficient.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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OKD improves its results and expects further growth
Article Abstract:
OKD (Ostrava, Czech Republic), coal mining firm, expects a profit of CEK 60 mil and revenues of CEK 30.808 bil in 2001. The firm saw a net profit of CEK 56.1 mil in 2000, up 41% from 1999. Its revenues amounted to CEK 30.283 bil in 2000 compared to CEK 29.228 bil in 1999. The firm should extract 11.1 mil t of coal in 2001 compared to 11.184 mil t in 2000 and 11.216 mil t in 1999. OKD's investments should be CEK 11.216 mil t in 2001, a double compared to 1999.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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