Krosno turns to loss in 2005

Polish listed glass works KHS Krosno SA (Krosno) posted a net loss of PLN 8.3 million (USD 2.5 million/EUR 2.1 million) in 2005, following a net profit in 2004 of PLN 14 million (USD 4.2 million/EUR 3…

Polish listed glass works KHS Krosno SA (Krosno) posted a net loss of PLN 8.3 million (USD 2.5 million/EUR 2.1 million) in 2005, following a net profit in 2004 of PLN 14 million (USD 4.2 million/EUR 3.6 million). The company generated an operating loss in 2005 of PLN 9.0 million (USD 2.7 million/EUR 2.3 million), compared to an operating profit of PLN 30.8 million (USD 9.2 million/EUR 7.9 million) for 2004. Sales revenue was PLN 269.9 million (USD 80.7 million/EUR 69 million), down from PLN 319.4 million (USD 95.5 million/EUR 81.7 million) for 2004.