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.
19. Nov 2008 at 12:30