Major turnaround at SPP
- Vladimír Dohnal
- Mar 22, 2021
- 1 min read
SPP, the fully state-owned gas utility, posted an operating profit of €6.6m in 2020, compared to a €104m loss in 2019. In 2014-19, SPP posted whopping €508m losses. The new management explains the turnaround by “implementing conservative policies and cost cuts.” The company also managed to stop the outflow of clients and stabilized its market share at 58%.
(trend.sk)
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
Comments