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Slovenia Business Week no. 24: Petrol Chart Topper in Revenues, Krka in Profits

Oil trader Petrol was Slovenia's largest company revenues-wise, generating SIT 396.3bn (EUR 1.64bn) in 2005, while Krka was the chart topper in net profits, having posted SIT 21.6bn (EUR 89.79m) in 2005

Oil trader Petrol was Slovenia's largest company revenues-wise, generating SIT 396.3bn (EUR 1.64bn) in 2005, while Krka was the chart topper in net profits, having posted SIT 21.6bn (EUR 89.79m) in 2005, the daily Delo's new financial supplement wrote on Monday, 12 June.

Delo FT also lists the runners-up in both categories, with retailer Mercator (SIT 296.9bn/EUR 1.23bn in revenues) and car manufacturer Revoz (SIT 275.9bn/EUR 1.14bn) coming after Petrol in terms of revenues.

On the profits scale, Krka was followed by pharma company LEK, a subsidiary of Sandoz, which posted net profits of SIT 19.5bn (EUR 81.06m) in 2005, and national telco Telekom Slovenije with SIT 12.1bn (EUR 50.3m) in profits.

While Petrol managed to up its revenues by 18.6% in last year, it is being caught up by Mercator and Revoz, which have increased their revenues by more than 30% each in 2005.

Krka posted record net profit in 2005, improving on its 2004 figure by 53%, while Lek's net profit fell by 17.9% in 2005 in comparison with that of 2004. Telekom meanwhile managed to increase its net profit by 42.8% in 2005.

The three largest Slovenian companies, profit-wise, together accounted for nearly 9% of all net profits of Slovenian companies in 2005, with Krka accounting for 3.6%, Lek for 3.2%, and Telekom for 2%.

Mercator was meanwhile the largest employer in 2005 with 9,216 employees, followed by the Slovenian Railways (7,593), postal service Posta Slovenije (6,115), household appliance maker Gorenje (5,557) and Krka (3,758), Delo FT also states.

Source: Slovene Press Agency STA

Author: STA