Corporate profits jump 60% over last year

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.

Analysts welcomed a 60% rise in non-financial corporate profits in the same period, as larger firms became healthier and troubled firms dropped out of the market, perhaps as a result of Slovakia's toughened Bankruptcy Law.

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