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Vertex reports profit improvement for 1996

The Czech Republic glass fibre products manufacturer Vertex a.s. said last week that its net profit in 1996 rose to Kc 200.7 million from Kc 116.8 million the previous year. Turnover totalled Kc 1.97…

The Czech Republic glass fibre products manufacturer Vertex a.s. said last week that its net profit in 1996 rose to Kc 200.7 million from Kc 116.8 million the previous year. Turnover totalled Kc 1.97 billion, up from a 1995 figure of Kc 1.67 billion. The firm added in a statement that it plans to pay a Kc 20 per share gross dividend for 1996, unchanged from its dividend for 1995.

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