Croatian textile company Varteks narrows loss by 18.8% in Jan-Sept 2011.

By bne IntelliNews November 7, 2011
Croatian textile company Varteks posted a net loss of HRK 37mn (EUR 5mn) in the first nine months of 2011, 18.8% smaller than the loss it had a year ago, the company said in a filing to the Zagreb Stock Exchange. The companys revenue rose by 3.6% y/y to HRK 235.2mn and sales increased by 8.2% y/y to HRK 211.5mn. Varteks expenses went down by 0.1% y/y to HRK 272.2mn.
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