Vertex Litomysl, the only Czech producer of glass fibres and fabrics, doubled its net profits to a record Kcs 244 million last year and raised its revenues by 18% to Kcs 3.36 billion, according to a r…
Vertex Litomysl, the only Czech producer of glass fibres and fabrics, doubled its net profits to a record Kcs 244 million last year and raised its revenues by 18% to Kcs 3.36 billion, according to a recent report. Pre-tax profit rose by Kcs 228 million to Kcs 437 million last year and total assets grew by 13% year-on-year to Kcs 5.66 billion. The company also reduced its loan burden by 38% to Kcs 1.18 billion. After last year“s hike, share capital equals Kcs 2.05 billion. Saint-Gobain owns over 99% of Vertex shares through the German Vetrotex company.