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Denmark: Velfac posts EUR 4.7 million profit in 2002

Danish front window producer Velfac A/S recorded a net profit of DKK 35 million (USD 5.0 million/EUR 4.7 million) for 2002.
No comparative figures were available. The company“s turnover was DKK 834 …

Danish front window producer Velfac A/S recorded a net profit of DKK 35 million (USD 5.0 million/EUR 4.7 million) for 2002. No comparative figures were available. The company“s turnover was DKK 834 million (USD 121.2 million/EUR 112.3 million) for 2002 and its equity stood at DKK 133 million (USD 19.3 million/EUR 17.9 million) at the end of the year. Velfac posted a turnover of DKK 764 million (USD 109.7 million/ EUR 102.9 million) and a profit after net financial items of DKK 64.8 million (USD 9.3 million/ EUR 8.7 million) for 2001. It will pay a dividend of 37 million DKK (USD 5.3 million/EUR5.0 million ) to its parent company, Danish holding company VKR Holding, which also owns Velux, the roof windows and skylights specialist. Other VKR companies include Vitral, a manufacturer of glazing panels for glass roofs, and natural ventilation solutions supplier WindowMaster.

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