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CORPORATE BRIEFS

Slovakofarma nets 172 million crowns in 1H99

Pharmaceuticals company Slovakofarma, based in western Slovakia's Hlohovec, reported sales of 2.9 billion Slovak crowns in the first half of 1999, a rise of 550 million crowns compared with the same period of 1998. The company grossed 302 million crowns, yielding a net profit of 172 million crowns. Both figures were virtually unchanged from the year before - despite the sales increase - because of the need to create 36 million crowns in provisions for exports to Russia.

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