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| Dynamic sales growth at BorsodChem's Czech unit |
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MCHZ, the Czech subsidiary of Hungarian chemicals group BorsodChem, expects to see a 42% rise in sales to CZK 3.7 billion this year, MCHZ's CEO Alexander Palffy told Interfax news agency. However, the company will see a net profit fall because its bottomline was lifted by extraordinary items in 2003.
MCHZ's operating profit may rise by 8% to CZK 185.8 million, while the net income may drop by 21% to CZK 143.7 million.
The rise in sales is due primarily to the fact that anilin production would grow to a record level of 112,500 tonnes this year. MCHZ's exports to Hungary - i.e. to BorsodChem -would rise by 53% to CZK 1.5 billion.
BorsodChem bought a 97.5% stake in MCHZ in 2000
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Source: Portfolio, Napi gazdaság |
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