Fructal Records 20 Percent Drop in Profit

Beverage producer Fructal turned over SIT 10.7 billion (53.2 million euros) in 1999 according to unaudited and unconsolidated results, thus recording a 3.8 percent increase in turnover in comparison to 1998. Sales in the local market dropped 3.6 percent, while sales in foreign markets which constitute 40 percent of all sales, increased 15.7 percent. Net profit of the company thus amounted to SIT 354 million (1.76 million euros), 20 percent less than in 1998. Fructal invested 10 million euros in research, development and modernisation programmes during the course of 1999.

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