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Venezuela: Sudamtex sales drop

  • Friday, 2nd March 2001
  • Reading time: less than a minute

Venezuelan textile group Sudamtex, one of only ten listed companies to have filed their annual reports for 2000 with the Bolsa de Caracas by mid-February 2001, lost Bs$3.49bil in the second semester of the year 2000 and its first semester of its own financial year. In the same period in 1999, the losses totalled Bs$2.17bil. Total sales for July-December 2000 came to Bs$24.36bil compared to Bs$26.13bil in the second half of 1999 whilst gross profits dipped from Bs$3.24bil to 3.16bil. Sudamtex also makes glass-fibre products for industry.

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