The company reported a loss of CZK557 million for the fourth quarter of 2007, which is CZK674 million lower than that in the same period of 2006. Operating loss (EBIT) for the fourth quarter of 2007 was CZK657 million or CZK130 million less than in the fourth quarter of 2006. Revenues for the fourth quarter of 2007 were CZK21.15 billion, a 3% decrease when compared to the fourth quarter of 2006.
Francois Vleugels, CEO of Unipetrol, said: The shutdown, POX emergency, coldbox failure and low margins caused the truly weak results for the fourth quarter. Nevertheless, the investment in the maintenance of our equipment and the enlarged capacity will definitely bring returns in the years to come. If everything works as planned, we will grow this year.
