Slovenia's Cinkarna expects fall in 2015 profit
17/12/2014 09:46
LJUBLJANA, Dec 17 (Reuters) - Slovenian chemicals processor
Cinkarna Celje CICJ.LJ , which is set for privatisation,
expects its margins to narrow in 2015, cutting net profit to 8.3
million euros from an expected 12.1 million this year, it said
on Wednesday.
It said sales next year were expected to rise by 14 percent
to 177.2 million euros and exports were seen at 153.5 million
euros, up by 15 percent.
Cinkarna, which produces and markets titanium dioxide
pigment, is one of 15 companies that the previous government has
set for privatisation. It is due to be sold in 2015.
The state and state firms control about 52 percent of
Cinkarna. State investment fund SDH, which is coordinating the
privatisation, said last week some non-binding bidders were
invited to conduct due diligence before submitting binding bids
for 70.8 percent of the company.
SDH gave no details on the bidders and did not reveal the
deadline for submitting binding bids.
(Reporting by Marja Novak; editing by Jason Neely)
((Marja.Novak@thomsonreuters.com; +386-8-205-6369; Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))
Keywords: CINKARNA PROFIT/