Steel group SIJ revenue grew by 6.3% to EUR 802.8 million in 2018, but net profit was down by 66% to EUR 4.9 million, the group said on the web site of the Ljubljana Stock Exchange on Friday.
Despite the drop in profit, the group is still stable, SIJ said, noting that in 2018 its steel production rose further and the share of steel with higher added value in its sales remained high. “We increased sales and being an export-oriented company, we generated most revenue in foreign markets,” SIJ said in the press release.
Exports accounted for 84.6% of the group’s total revenue or EUR 679.3 million.
Source: STA
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