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Arctic's profit nowhere in sight

Home appliance maker Arctic Gaesti, controlled by Turkey-based Arcelik Group saw sales amount to $10.5 million in the first quarter of 2003, up 75% from the same time in 2002, when turnover reached $6 million. In spite of the growth in sales, the profit, Arctic's main problem until last year, eluded it

Ziarul Financiar · 13 mai 2003 · 1 min de citit

Home appliance maker Arctic Gaesti, controlled by Turkey-based Arcelik Group saw sales amount to $10.5 million in the first quarter of 2003, up 75% from the same time in 2002, when turnover reached $6 million. In spite of the growth in sales, the profit, Arctic’s main problem until last year, eluded it. The company officials say Arctic was even, according to the international accounting standards and made 5 million ROL profit according to the Romanian accounting standards. Arctic had posted 2 million euro profit in 2002. ZF



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