Vitkovice expects an increase in gross earnings and sales

Vitkovice expects an increase in gross earnings and sales

Vitkovice Steel which is currently owned by the National Property Fund, Osinek, has announced that they expect gross earnings to reach to CZK 250 million (approx. $8.9 million) and sales to CZK 9 billion in 2003. These figures were recorded as CZK 46 million and CZK 8.2 billion respectively in 2002. The company stated that these results are in relation with this year's steel market recovery and their order books which are filled until the end of year.