CZECH: Karlovarske Mineralni Vody sees FY profits slip

By just-drinks.com editorial team | 5 November 2007

Karlovarske Mineralni Vody has posted a slide in net profit for last year, despite a slight lift in sales for the year.

The Czech mineral water bottling company said late last week that net profit in 2006 dipped by 13% on 2005, totalling CZK330.4m (US$17.7m). Sales in the year registered an increase to CZK3.16bn from CZK3.11bn.

Last year, KMV was given approval by the Czech anti-monopoly office to merge with rival water company Podebradka.

In August of this year, KMV acquired a 25.1% stake in Austrian soft drinks and water firm Waldquelle Kobersdorf from Raiffeisen Landesbank for an undisclosed sum.

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