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TVK net profits down 33.6%

Chemicals company Tiszai Vegyi Kombinat (TVK) had consolidated net profit of
Ft 4.45bln (EUR 17.7m), down 33.6% from a year before in January-September, 2005 according to a report published on Friday. TVK had sales revenue of Ft 174.7 bln in January-September 2005, up 36.4% from a year before. The parent company accounted for 99.6% of consolidated sales. Overall costs rose 38.4% to Ft 166.74bln, giving TVK an operating profit of Ft 9.15bln, up 10.1% from January-September 2004. EBITDA rose 20.4% to Ft 16.23bln.