Gea ups revenue 50%, profit jumps four-fold in 2021

Slovenska Bistrica – Gea, the largest producer of vegetable oils in Slovenia, generated EUR 41.9 million in revenue last year, which is 50% more than in 2020 and almost 40% above plan, as the company generated half of total sales abroad. Profit increased four-fold to EUR 600,000. Igor Hustić, the director of the Slovenska Bistrica-based company, said in the annual report that the company started facing rising prices of raw materials in the first quarter of 2021. Compared to the average prices in 2020, the prices of basic raw materials,…

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The post Gea ups revenue 50%, profit jumps four-fold in 2021 appeared first on Slovenia Times.