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Slovenian Food Maker Zito 9-mo Group Net Profit Slumps 91% - Table

Nov 27, 2008, 5:26:31 PMArticle by Hristina Stoyanova
share
November 27 (SeeNews) - Slovenian food maker Zito on Thursday reported a group net profit of 221,300 euro ($285,000) in the first nine months of 2008, down from 2.58 million euro in the year-ago period.

Slovenian Food Maker Zito 9-mo Group Net Profit Slumps 91% - Table

The lower net profit was a result of a 1.5 million euro loss posted by subsidiary companies and financial costs, Zito said in its nine-month financial report filed with the Ljubljana Stock Exchange (LJSE), where its share are listed.

Following are details from the company's report (in millions of euro):

Jan-Sept'08 Jan-Sept'07
GROUP FIGURES
Net Profit 0.221 2.58
Net Sales 84.32 83.97
PARENT FIGURES
Net Profit 1.73 3.21
Net Sales 76.46 71.92

Shares in Zito added 0.09% to an average price of 110.10 euro on the LJSE on Thursday. The company announced its results after the end of trading.

($ = 0.7764 euro)

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