BELET PROFITS SLIDE AS IMPORTERS' CURRENCIES WEAKEN

News Story
- 1 Aug 2002 ( #68 ) - VEJPRTY, Czech Republic
1 min read
Forklift manufacturer Belet has posted KC1.1 million (USD35,601) profit from KC58 million (USD1,877 million) in sales for the 2002 first half to June 30, down from KC2.49 million (USD80,587) in revenue from KC70 million (USD2.265 million) in sales, according to the company's results.

Sales director Petr Nuslauer told CTK Business News that profits dropped because of the firming Czech currency and weaker currencies in export markets. Exports account for 46 percent of Belet's output, with the main export nations being Italy, Russia, Poland, Slovakia, Germany, Great Britain, the US and the Ukraine.

"The outcome of the lower value of the US dollar and eventually the Euro has manifested itself in lower revenues from exports and a drop in export margins," Mr Nuslauer said.

Belet employed 98 people at June 30, unchanged from the previous year. Belet's main product is forklifts, which it launched in September 1997 under a cooperative agreement with Prowel, of Taiwan, and Marioti, of Italy.
Jungheinrich steps closer to 2017 sales target
Jungheinrich steps closer to 2017 sales target 12 Mar 2015 - Hamburg, Germany - 1 min read
World market advanced in third quarter
World market advanced in third quarter 20 Nov 2014 - Hamburg, Germany - 1 min read
Previously about:
Company: Belet Industry Profile - 16 Mar 2006 - VEJPRTY, Czech Republic - 2 min read
REDUCED EARNINGS FOR CZECH FORKLIFT MAKER News Story - 24 Oct 2002 - VEJPRTY, Czech Republic - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

ZHEJIANG MICROLIFT CO., LTD
Microlift places great value on innovation and creativity, with the unprecedented I-TOUCH Handle.

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now! 

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

Inside The News
With companies large and small seeking to reduce their carbon footprints, most of the attention has so far focussed on direct carbon emissions... Continue reading

Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now!