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Slovenia Business Week no. 20: Slovenian Companies' Total Net Profit Exceeds Loss in 2005

Slovenian companies concluded 2005 in the black for the fourth year in row, with the total net profit reaching SIT 433.1bn (EUR 1.8bn), a 9% rise over 2004

Slovenian companies concluded 2005 in the black for the fourth year in row, with the total net profit reaching SIT 433.1bn (EUR 1.8bn), a 9% rise over 2004, according to the Agency for Public Legal Records and Related Services (AJPES).

The AJPES report, presented on Wednesday, 17 May, includes data for 43,711 enterprises, excluding banks, insurance companies, the state-run Pension Fund Management (KAD) and Restitution Fund (SOD), and companies in liquidation or bankruptcy.

The companies included in the report employed a total of 474,601 workers, or 3% more than in 2004, while their revenues increased by 9% year-on-year to SIT 14,424.7bn (EUR 60.2bn), Marina Masle of AJPES told the press.

As many as 28,226 or 64.6% of the companies ended the year with a profit, reaching SIT 615.5bn/EUR 2.57bn, while 12,890 or 29.5% of them posted a combined loss of SIT 182.3bn (EUR 760.83m).

AJPES moreover notes that 96.4% of the companies qualify as small enterprises, with mid-sized and large enterprises, which employ half of all workers, accounting for only 1.8% each.

The most important sector in terms of net revenues and the number of employees was manufacturing, followed by trade, repair of motor vehicles and consumer goods, real estate business, lease and business services.

Last year's average gross wage in Slovenian enterprises was SIT 254,391 (EUR 1,061.70).

AJPES moreover received annual reports from 57,766 sole proprietors who employed a total of 59,164 workers, and generated a total of SIT 1,084.2bn (EUR 4.52bn) in net sales revenues.

Among sole proprietors, 99.97% of them qualify as small, with last year's gross average wage of SIT 150,968 (EUR 630.07). As much as 14.8% of them ended 2005 in the red.

Source: Slovene Press Agency STA

Author: STA