Sklarny Kavalier increases profits and sales

Czech glassmaker Sklarny Kavalier posted a CZK 23 million profit in 2001, up from CZK 610,000 in 2000. Revenues grew from CZK 1.75 billion in 2000 to CZK 1.88 billion last year.
The company, which i…

Czech glassmaker Sklarny Kavalier posted a CZK 23 million profit in 2001, up from CZK 610,000 in 2000. Revenues grew from CZK 1.75 billion in 2000 to CZK 1.88 billion last year. The company, which is the country“s largest producer of household glass, saw its operating profit fall from CZK 72.6 million in 2000 to CZK 55.5 million in 2001. Revenues from the sale of Sklarny Kavalier“s own products and services fell from CZK 1.68 billion in 2000 to CZK 1.65 billion in 2001. The company“s value added rose by CZK 60,428 to CZK 660.5 million. In 1999, the glassworks sustained a loss of CZK 30 million, while in 1998 the loss totalled CZK 136 million. The company“s assets and liabilities totalled CZK 2.0 billion as of the end of 2001, an increase of CZK 295 million year-on-year. Loan capital rose by CZK 2.62 million to CZK 1.05 billion. The company“s share capital fell from CZK 723 million to CZK 721 million. Bohemia Crystalex Trading owns 75.8% of Sklarny Kavalier.