Corporate greed seems unlikely to drive inflation
Profit margins of Slovak companies fell slightly last year and corporate greed seems unlikely to drive inflation, Finstat data show. Non-financial companies saw their sales grow by a fifth and net profit by 14% last year. As a result, the share of net profit in sales fell slightly to 4.5%. EBITDA profit even rose by only 9% last year. Slovnaft, Vodohospodárska výstavba, Duslo, Mondi SCP and Železiarne increased their profits the most. On the contrary, profits fell at U.S. Steel, SEPS, Continental Matador Rubber, Kia, Stellantis, and eustream.
(teraz.sk)
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