CORPORATE NEWS

Nafta records 1Q98 200.3m Sk net profit

The oil and gas storage company Nafta Gbely posted unconsolidated first quarter net profits of 200.3 million Sk ($5.8 million) versus 203.6 million in the same period last year, the Bratislava Stock Exchange (BSE) said on May 5. The BSE said sales of the company's own goods and services had also fallen to 666.3 million Sk from 762 million in the same period of last year. Nafta's major shareholders include the domestic company Druhá Obchodná, which privatized a 45.9% stake in the company in 1996 under murky circumstances, and Chase Nominees Ltd. London with 7.5%.

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