Sugar Plant Blames Write-offs for 2004 Loss

Ormož, 2 April - Slovenia's lone sugar producer, Tovarna sladkorja Ormoz, generated revenues of SIT 10.5bn (EUR 43.8m) last year, an increase of over 25 percent on 2003. Despite the strong sales, the company said large write-offs caused it to finish 2004 with a net loss of SIT 241.2m (EUR 1m).