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.
This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.
Results statement from Debica (Polish language)
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive