Profits slump at Goodyear Poland unit on strong zloty

Debica, Poland–Fourth quarter profits fell sharply at Goodyear’s Polish subsidiary, TC Debica. The company blamed the decline on a strengthening Zloty and provisions for planned staff cuts.

Net profits in the fourth quarter were ZL 601 000 (Euro151 000) compared with Zl 32.0 million (Euro8.05 million) a year earlier.

For the whole year, the company reported profits of Zl 94.8 million, compared with Zl 109.36 million a year earlier.

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