BUSINESS BRIEFS

Gas utility reports rise in sales

THE CONSOLIDATED sales of gas utility SPP reached Sk71.5 billion (€1.85 billion) last year, which is a 3.5 percent decrease year-on-year. However, the consolidated profit of SPP was up 15.5 percent, to Sk23.6 billion (€613,000).

The added value generated by the company grew 8 percent year-on-year to Sk37.9 billion (€984 million), reported online business bulletin epi.sk.

SPP is owned by the National Property Fund, which has a 51 percent stake, German E.ON Ruhrgas and French Gaz de France, which together own 49 percent of the company.

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