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)