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July 23, 2018 12:00 am | FILED UNDER: business

Fatra Sales Reach Kc3.8 Billion In 2017

By ČTK Financial Chart

Napajedla, South Moravia, July 23 (CTK) – Fatra, one of the biggest Czech plastic processors, raised sales from Kc3.7bn in 2016 to Kc3.8bn last year, while its after-tax profit fell by Kc70m year-on-year to Kc227m, according to the company’s annual report.

 

“The annual drop in profit was caused mainly by an increase in prices of input materials. We also registered a rise in some items of overhead costs such as personnel costs, carriage and insurance,” the report says.

 

Exports accounted for 66 percent of Fatra’s sales last year, similar to 2016.

 

“In absolute figures, exports increased by Kc64m year-on-year,” the report writes.

 

The company employed 1,286 people last year, compared with 1,221 the year before.

 

The average gross wage at Fatra last year stood at Kc26,602.

 

Fatra is currently building a new rolling mill worth Kc1.4bn, which is the biggest investment in the company’s modern history. The investment is expected to create more than 100 new jobs.

 

The new mill is to be in full operation at the end of 2019.

 

Fatra, established by the Bata group at the initiative of the Defence Ministry in 1935, was the first company processing plastic materials in the country. It is now a part of the Agrofert group.

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