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Corporate profits jump 60%

The profits of financial and non-financial companies in Slovakia hit 93.6 billion crowns ($1.96 billion) in the first half of 2001, according to the statistics office, a rise of 45.5% against the same period last year. Particularly encouraging was a 60% rise in non-financial corporate profits in the same period, analysts said, as larger firms were becoming healthier and troubled firms were dropping out of the market, perhaps as a result of Slovakia’s toughened Bankruptcy Law.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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