Ljubljana share indices end week up, Telekom Slovenije leads gainers
Most Sofia bourse indices fall, Fibank paces blue-chip losers
UPDATE 1 - Bulgarian regulator okays 6.5% hike in Dec natgas price
Zarneni Hrani Bulgaria boosts 9-mo cons net profit, revenue falls
Fitch reaffirms Euroins Insurance Group at B+, outlook stable
Dec 13, 2017 17:11 EEST
LJUBLJANA (Slovenia), December 13 (SeeNews) – Slovenian chemicals producer Cinkarna Celje [LJE:CICG] said on Wednesday it expects to post a net profit of 28.2 million euro ($33.1 million) in 2017, up from a slim 9.8 million euro in 2016.
In 2018, the chemicals producer projects that its net profit will expand 16% to 32.6 million euro, it said in a Ljubljana bourse filing.
Cinkarna Celje's earnings before interest and taxes (EBIT) is seen at almost 35 million euro this year, up from 10.6 million euro in 2016. It is expected to grow by another 12% to 39.1 million euro at the end of next year.
The company's net sales revenue is projected to stand at 187.5 million euro in 2017, compared to 169.8 million euro last year. It is forecast to expand by 6% on the year to 199.5 million euro by the end of 2018.
Sales abroad will close the year at 162.6 million euro, up 9.6% on the year, and grow by an additional 7% to 174.2 million euro in 2018.
Cinkarna Celje is one of the 15 enterprises slated for privatisation by the Slovenian government in 2013. In June this year, Slovenia's ‘bad bank’, the Bank Assets Management Company, said it has cancelled the sale of the chemicals producer due to the inadequate response from potential buyers.
The company was established in 1873. Its core business is the production and marketing of titanium dioxide pigment.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options