Novita has PLN 2.18 m of net income after PLN 5.4 m of loss

APA - Austria Presse Agentur
opublikowano: 08-02-2005, 11:55

Warsaw (Puls Biznesu) – Novita, Polish textile products producer, had consolidated income of PLN 2.18 m (EUR 549,300) in 2004. A year before, the company had PLN 5.4 m of loss. According to preliminary data, sales grew to PLN 95.2 m, or 16 percent. At the beginning of September, the company forecast net income of PLN 2 m against sales of PLN 94.8 m.

Warsaw (Puls Biznesu) – Novita, Polish textile products producer, had consolidated income of PLN 2.18 m (EUR 549,300) in 2004. A year before, the company had PLN 5.4 m of loss. According to preliminary data, sales grew to PLN 95.2 m, or 16 percent. At the beginning of September, the company forecast net income of PLN 2 m against sales of PLN 94.8 m.

Better results are the effect of restructuring, debt reduction and an ambitious investment plan. The company has been shifting from covering carpets production to fibres used in automotive and furniture industry as well as at diapers.

(PLN 1 = EUR 0.252)Poland/Enterprises/Textiles

 

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Podpis: APA - Austria Presse Agentur

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