A Producer of Flavours and Essential Oils' Turnover Shrinks 15 Percent

Celje, 23 August - COMPANIES/ETOL/BUSINESS/RESULTS
Etol's turnover in the first half of this year shrank 15 percent as a result of difficult trading conditions in former Yugoslav markets and the economic crisis in Eastern Europe. Consequently, its profits totalled 80 percent of last year's, Director Ivan Ferme told the press Monday. Despite poorer business results, this Celje-based factory is planning to carry out investments valued at SIT 250 million (DM 2.5 million).