Slovnaft's net profit fell 56 percent y-o-y in January

Slovakia's oil refinery Slovnaft recorded an operating profit of Sk3.29 billion (€109.21 million) in the first three-quarters of 2008, while its net profit in the same period stood at Sk2.68 billion (€88.96 million). Both figures represent a fall of 56-percent year-on-year, Slovnaft spokesman Anton Molnar told the TASR newswire on November 18. The strengthening of the Slovak crown by 18 percent against the US dollar and by 7 percent against the euro, along with a significant fall in oil prices in 3Q08, contributed to these developments. Total domestic sales of refinery products grew by 8.7 percent year-on-year in the first nine months of this year, while total export sales were down 6.7 percent year-on-year. TASR

Slovakia's oil refinery Slovnaft recorded an operating profit of Sk3.29 billion (€109.21 million) in the first three-quarters of 2008, while its net profit in the same period stood at Sk2.68 billion (€88.96 million). Both figures represent a fall of 56-percent year-on-year, Slovnaft spokesman Anton Molnar told the TASR newswire on November 18.

The strengthening of the Slovak crown by 18 percent against the US dollar and by 7 percent against the euro, along with a significant fall in oil prices in 3Q08, contributed to these developments. Total domestic sales of refinery products grew by 8.7 percent year-on-year in the first nine months of this year, while total export sales were down 6.7 percent year-on-year. TASR

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

Top stories

Janka, a blogger, during the inauguration of the first flight to Athens with Aegean Airlines at the airport in Bratislava on September 14, 2023.

A Czech rail operator connects Prague and Ukraine, Dominika Cibulková endorses Pellegrini, and Bratislava events.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


SkryťClose ad