Polish soda ash and chemical group Ciech SA posted consolidated net profit down 5.8% year-on-year to PLN 40.5 million (USD 12.2 million/EUR 9.7 million) for the 1Q of 2005, the company said.
Sales re…
Polish soda ash and chemical group Ciech SA posted consolidated net profit down 5.8% year-on-year to PLN 40.5 million (USD 12.2 million/EUR 9.7 million) for the 1Q of 2005, the company said. Sales revenue fell to PLN 542 million (USD 163.5 million/EUR 129.7 million) from PLN 543.6 million (USD 164 million/EUR 130.1 million). Operating profits went down to PLN 31.9 million (USD 9.6 million/EUR 7.6 million) for the first three months of 2005 from PLN 56.1 million (USD 16.9 million/EUR 13.4 million) in the year-ago period. Ciech is Europe“s third-largest soda ash producer after Belgium“s Solvay and Britain“s Brunner Mond. Ciech“s consolidated net profit increased to PLN 81.6 million (USD 24.6 million/EUR 19.5 million) for 2004 from PLN 76.2 million (USD 23 million/EUR 18.2 million) for 2003.