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Droga Kolinska Exceeds Q1 Plans
Food group Droga Kolinska posted a net profit of SIT 432.4m (EUR 1.8m) on net sales revenues which exceeded plans by 4% to top SIT 17.8bn (EUR 74.3m).
Droga Kolinska said in Wednesday, 31 May's press release that revenues were boosted by sales of salt for roads, healthy food and warm beverages.
The successful launch of new products and expanded presence on supermarket shelves in the EU leads the company to forecast that positive trends will continue.
The company did not provide comparable figures for the first quarter of 2005, as the company was created with a merger of Droga and Kolinska in the second quarter of 2005.
The group expects 2006 sales to rise 11% year-on-year to SIT 81.2bn (EUR 338.9m) and a net profit of SIT 2.8bn (EUR 11.7m).
The biggest investment in 2006 will be a new pate factory in the Bosnia-Herzegovina capital of Sarajevo, an EUR 20m investment with an annual output of 4,500 tonnes, which is to start operations in the second half of the year.
Source: Slovene Press Agency STA
http://www.gzs.si/eng/news/sbw/head.asp?idc=21473
