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BUSINESS BRIEFS

Chemical and drug profits increase

SLOVAKIA's chemical and pharmaceutical companies ended 2003 with a pre-tax profit of Sk8.2 billion (€202.3 million), an increase of 14.6 percent year-on-year, the private news agency SITA wrote.

Sales without indirect taxes reached Sk158.1 billion ( €3.9 billion) - up by 21.6 percent from 2002 - while revenues dropped 1.4 percent to Sk134.7 billion (€3.3 billion), reads the data published by the Economy Ministry. The two sectors produced an added value of Sk29.4 billion (€725.3 million), and their investments totalled Sk10.3 billion (€254.1 million) in 2003, up 18.7 percent from the previous year.

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