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(From Czech News Agency)
PRAGUE, Oct 14 (CTK) - The performance of Harvardsky prumyslovy holding HPH in 2001 ended with a Kc3.73bn loss according to a preliminary unaudited financial statement, chiefly due to adjustments for overdue bills of exchange of the firm HCM (W), HPH board chairman Tomas Sevcik told CTK today.
HPH had posted zero profit in the previous years. "We made adjustments as a precaution; we do not write off this amount," Sevcik said.
HPH assets totalled Kc6.34bn at end-2001. The holding firm's assets comprise especially its 100-pct subsidiary Daventree Resources Ltd, which contains coupons from the Azeri privatisation, among others. …