Virovitica, July 30, 2007 – In the first half of 2007 Viro sugar factory registered an increase of net profit to 53.5 million kuna, or by 140.7 percent in relation to the same period last year. Total revenue in the same period amounts to 321.2 million kuna, which represents an increase of 47.3 percent in relation to the first six months of 2006.
Thanks to last year’s investments into construction of a facility for production of pasteurized sugar solution, as well as to the reconstruction of the packaging facility, realization of finished products was increased and larger refinement of raw sugar was made possible which was absent last year, so all that resulted in a significant increase of revenues and profit in the first 6 months. Profit share of domestic sales rose from 40 percent to 62.1 percent, while at the same time profit share from sales abroad fell from 57.7 percent to 33.7 percent.
75 million kuna of investments in 2007
By the year 2008 Viro sugar factory plans to increase daily sugar production from the current 750 tons to 1000 tons a day. For that reason in May 2007 the contract on buying equipment of the sugar factory Ormož from Slovenia, worth 4.5 million euro, was signed. Since the factory from Ormož is technologically homologue with Viro, the new equipment will enable more effective production and savings in the upcoming remount interventions. One of more important investments in this year is also the construction of a storage and production hall worth over 20 million kuna.
In mid June Viro sugar factory was assigned the Halal certificate which means that production processes and products of Viro sugar factory are conformed to food standards of members of Islamic confession. The Halal certificate will make possible export of more sugar to the market of Bosnia and Herzegovina which registers a constant increase of demand for Halal products and it will also make easier to great buyers and partners of Viro to obtain the certificate. |
