REKLAMA

Ciech reduces its net profit forecast due to crisis

2008-11-13 00:00
publikacja
2008-11-13 00:00
This is due to the financial crisis and the related economic slowdown, which are slowly affecting its results. The main reasons for its deteriorating situation were currency fluctuations, the growing costs of raw materials and energy, as well as decreasing demand for its products.

The whole group of Ciech, however, managed to boost sales revenues by 13.2 percent to zł.2.98 billion. The fourth quarter will be much worse however, as the firm expects a zł.25 million loss.

In the coming future the firm will be negatively affected mostly by fluctuations on the money markets, dropping prices for organic products, market pressure on lowering prices for fertilizers and further growth of costs in energy and raw materials.

Source: Rzeczpospolita (M.M.)

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Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz
Najtańsze rachunki dla firm. Sprawdź, gdzie nie przepłacisz

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