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Istrabenz Group Records Substantial Drop in Profit

Koper, 21 April - The Istrabenz group turned over SIT 68.65 billion (339.8 million euros) from sales in 1999, a 53 percent increase over 1998. Operational profit amounted to SIT 393.48 million (1.94 million euros) in 1999, while net profit amounted to SIT 156.93 million (776,000 euros) which represents only 8 percent of the profit recorded in 1998, was written in the published results of the group.

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© STA, 2000