Czech Rep's Synthesia makes H1 op profit of Koruna167m

16 August 2000 18:13  [Source: ICIS news]

PRAGUE (CNI)--Strong export sales helped Czech chemicals company Synthesia, a division of AliaChem, make a Koruna167m ($4.27m/Euro4.7m) first half operating profit compared with a Koruna5.9m loss in the first six months of last year.

Sales by Pardubice, east Bohemia based Synthesia were up 22% to Koruna2.72bn from Koruna2.23bn, a spokesman told CNI on Wednesday.

Ales Mokren said the increase maintained the trend set in the first quarter, when sales increased 23% to Koruna1.38bn.

Exports during the six months to 30 June totalled Koruna1.74bn, which was 63.8% of all goods produced and a 1.5% improvement on the first half of 1999.

"The relatively strong export figures were negatively affected by a drop in exchange rates," said Mokren. "As usual the strongest export market was Germany which received almost a third of Synthesia’s exports."

Synthesia's products in Germany are sold through its affiliate AliaPharm GmbH. Mokren said Synthesia has prepared a pilot e-business project with the Frankfurt-based firm.

Other important export markets are Italy, US, Poland, France and Britain.

Almost half of Synthesia’s sales were for the organic chemicals, organic dyestuffs and pigments it produced. Plastics sales increased as did sales for agricultural chemicals, driven mainly by a spring (Q1/2) campaign to produce more fertilisers. Synthesia’s explosives showed lower sales growth, however.

At the end of June Synthesia employed 4584 workers, compared to 4603 at the end of the previous quarter and 4681 at the end of June 1999.

By: Mark Andress
+44 208 652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 2 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly