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Poštová banka records 76 million crown Q3 profit
Gas price cuts SPP three-quarter profit by 34%
Growth in industry producer prices slowest in 2000
Trade deficit at 1.4 billion crowns for September

Poštová banka records 76 million crown Q3 profit

Poštová banka reported a Q3 gross profit of 76.6 million crowns. However, the bank registered a 151.5 million crown cumulative loss from the beginning of the year which can be largely attributed to losses from the sale of non-performing assets, the bank said.
The total assets of the bank grew almost 40% over Q3 2000, rising from 18.4 billion in late June to 25.6 billion in late September. Its primary sources increased as well, jumping 20.9% from the previous quarter to 16.3 billion crowns as of September 30.


Gas price cuts SPP three-quarter profit by 34%

Gas utility Slovenský plynárenský priemysel (SPP) recorded a profit of 8.16 billion crowns for the first nine months of the year, a drop of 4.37 billion crowns, or 34.9% on the same period last year. However, the firm increased its output to 44.5 billion crowns - a year-on-year increase of over 10 billion crowns.
Operating profit stood at 8.22 billion crowns, a year-on-year fall of 3.68 billion crowns. Compared with the same period last year, profit from financial operations dropped 793.3 million crowns to 80.26 million crowns.


Growth in industry producer prices slowest in 2000

Producer prices in industry in Slovakia increased 0.3% in September compared with August - the lowest monthly growth since the beginning of 2000, the Slovak Statistics Office said October 27.
The slow growth comes on the back of a deceleration in growth in prices of mining products to 0.3% and in prices of electricity, gas, steam and heated water by 0.5%.
Compared with September 1999, producer prices in industry increased 9.1%.


Trade deficit at 1.4 billion crowns for September

A foreign trade deficit of 1.4 billion was recorded in September with exports in the month reaching 48.9 billion crowns and imports 50.3 billion crowns.
The figure was a 32.1% rise on the level for the corresponding month in 1999 and saw imports increase 26.9% on that month.


Compiled by Ed Holt
from SITA

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