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Kappa Sturovo sees profit down to Sk133.11m in 2003.

Europe Intelligence Wire

| June 16, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Czech News Agency)

BRATISLAVA, June 16 (CTK) - Paper producer Kappa Sturovo grossed Sk133.11m last year, down 65 pct from 2002, and sales of its products and services fell by 3.1 pct to Sk3.12bn, the company's spokesman Robert Kiss told CTK today.

Kappa turned out 179,410 tonnes of fluting paper last year. Most of the output was exported.

"Recession on European markets continued last year, with a marked negative impact on the prices of fluting paper which ...

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