Spectator on facebook

Spectator on facebook

Slovnaft Group increases first half profit by 153 percent

SLOVAKIA’s Slovnaft Group increased its net profit for the first half of 2004 by 153 percent to Sk4.15 billion (€103.79 million), the Bratislava-based oil refiner and filling station operator reported to the news agency TASR.

According to non-audited consolidated financial reports worked out in keeping with the International Financial Reporting Standards, the group's operational profit rose by 176 percent to Sk4.95 billion (€123.8 million). Earnings before interest, taxation, depreciation, and amortisation went up 83 percent to stand at Sk6.58 billion (€164.57 million) at the end of June.

Sales revenues totalled Sk35.76 billion (€894.36 million), up by 9 percent year-on-year, but the financial operations profit fell 91 percent to Sk40.4 million (€1.01 million).

The Slovnaft Group is a member of the Hungarian oil concern MOL.

Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Product quality laid on the EU table

Concerns over the different quality of same brand products are confirmed, but will anything change soon?

Will shopping in supermarkets soon become a thing of the past?

Education minister fails to explain distribution of EU money

The opposition parties plan to initiate a no-confidence vote, the second against this minister.

Education Minister Peter Plavčan

Who will stand up for journalists in Turkish prisons?

Journalists living in countries where politicians (for now) do not send people to prison for their opinions, who only sigh in relief that they are lucky this story does not concern them, are deeply mistaken.

Protesters in front of the court building.

EU court’s advocate general proposes to dismiss quota lawsuits

Yves Bot rejects arguments from Slovakia and Hungary on the legality of the relocation plan.

Refugees at the border between Hungary and Serbia.