The entire group, including the Tatra subsidiaries decreased its loss of 470 million year on year to 119 million. Tatra Group Sales in 2010 reached 3.8 billion crowns, which is roughly half a billion less than last year.
Chairman Ronald Adams in a report presented today at the general meeting, said the Tatra repaid more than half of bank loans. “Before the crisis, we owed almost 1.5 billion, the amount we managed to reduce to around 700 million,” said Adams. Tatra had in March last year for more than a billion-dollar loans to banks to guarantee the whole enterprise.
The entire group, including the Tatra subsidiaries decreased its loss of 470 million year on year to 119 million. Tatra Group Sales in 2010 reached 3.8 billion crowns, which is roughly half a billion less than last year.
Chairman Ronald Adams in a report presented today at the general meeting, said the Tatra repaid more than half of bank loans. “Before the crisis, we owed almost 1.5 billion, the amount we managed to reduce to around 700 million,” said Adams. Tatra had in March last year for more than a billion-dollar loans to banks to guarantee the whole enterprise.
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Categories: Tatra Works
October 8th, 2011