BUSINESS BRIEFS

Nafta Gbely makes Sk121.3 million loss

NAFTA Gbely, a Slovak gas storage company belonging to Nafta Group, reported losses of Sk121.3 million (3 million euro) in 2002, compared to a projected gross profit of Sk772.1 million (18.8 million euro).

Though targets for gas storage and extraction of hydrocarbons met expectations, the creation of several adjusting entries pulled the balance sheet into the red.

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