Jihoceske Mlekarny will not pay dividends for the state's sake

Article Abstract:

Jihoceske mlekarny (JM) (Ceske Budejovice, Czech Republic), the largest domestic milk products company, saw a profit of CEK 12.7 mil in 2000. The company will not pay dividends from the profit. Reasons are disputes with the state Agricultural Interventional Fund, which did not give export subsidies of CEK 200 mil to JM for the reason of the breach of the rules of market regulation in 1999. JM wants to get the sum by action in court. JM will use the profit for the formation of business risk reserves. In 2000 the firm saw proceeds of CEK 6.1 bil. JM plans to change its name to Madeta (Ceske Budejovice, Czech Republic). The firm's decisive shareholders are the State Supporting and Guarantee Agricultural Fund with a 36% stake, the trade company KHV (Czech Republic) with a 30% stake and Spojene kartacovny (Pelhrimov, Czech Republic) with a 19% stake.

Dairy Products, Dairy Product Manufacturing, Brief Article, Jihoceske mlekarny a.s.

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Unipetrol: the highest profit from Litvinov

Article Abstract:

Benzina AS (Prague, Czech Republic), fuel distributor, saw a loss of CEK 79 mil for 1Q 2001 compared to a profit of CEK 17 mil for 1Q 2000. The profit drop was influenced by unfavourable weather conditions which caused a decrease in the utilization of motor vehicles. The firm's proceeds decreased by CEK 200 mil to CEK 2.9 bil for 1Q 2001 compared to 1Q 2000. Chemopetrol (Litvinov, Czech Republic), oil processor, increased its net profit fivefold to more than CEK 256 mil for 1Q 2001 compared to 1Q 2000. The firm's proceeds totalled CEK 6.5 bil for 1Q 2001, CEK 1.2 bil less compared to 1Q 2000. The company's results for 1Q 2001 were influenced by a decrease in oil prices, which resulted in an increase in Chemopetrol's margins.

Gasoline Stations, Gasoline service stations, Service stations (Automotive), Benzina A.S.

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