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Textile maker, Slezan reports 9% drop in 2005 revenue
24 Jun '06
1 min read
Slezan announced that the tough competition from Asian countries has caused their profits in 2005 to plunge around CZK3 million from that in 2004 that had reached over CZK14 million.
As a result of the hike in energy and fuel prices, the revenue also dropped nine percent to just CZK1.57 billion.
Sources also reported that the Czech textile manufacturer has cutdown its investment though the employment has amazingly grew by ten percent to 1,721 workers, last year.
Slezan further informed that two-thirds of the total production was exported to the countries like Germany, Hungary, Italy, Poland and Slovakia.
As a result of the hike in energy and fuel prices, the revenue also dropped nine percent to just CZK1.57 billion.
Sources also reported that the Czech textile manufacturer has cutdown its investment though the employment has amazingly grew by ten percent to 1,721 workers, last year.
Slezan further informed that two-thirds of the total production was exported to the countries like Germany, Hungary, Italy, Poland and Slovakia.
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