A general assembly decides to cover a loss

Article Abstract:

Vychodoceske plynarenske strojirny (VPS) (Rosice u Chrasti, Czech Republic), engineering firm, saw a loss of nearly CEK 10 mil in 2000. The firm will cover the loss from its statutory fund, which includes profits for the past few years. VPS generated profits of several millions of Czech crowns till 1998. Reasons for the drop of the firm's results were an increase in gas prices and subsequent low demand for gas heating. The company's results were also negatively influenced by the coming of competition from Germany. VPS is involved mainly in designing activities, the assemblies and repair of gas equipment and the production of gas regulation equipment.

Engineering Services, Engineering for Gas Plants, Natural gas processing, Gas power plants, Plant engineering (Facilities), Vychodoceske plynarenske strojirny

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Baumax raises its turnover by one fifth

Article Abstract:

Baumax CR (Prague, Czech Republic), retailer, expects its turnover to increase to CEK 5 bil in 2001. The firm increased its turnover by 21% to CEK 4.5 bil in 2000 compared to 1999. Baumax CR has 18 centres in the Czech Republic. The firm is aiming to increase their number to 25-30. It has a total of about 1,250 employees. The firm is focused mainly on the sales of do-it-yourself and gardening supplies. It is a subsidiary of Baumax (Austria).

Retail Trade, Statistical Data Included, Baumax CR

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