Kuraray Europe Moravia and Komerční banka report financial results

Kuraray Europe Moravia, a manufacturer of safety films for automotive and skyscraper glass based in Holešov, reported significant growth in both revenue and profit. The company’s net profit reached 68.7 million CZK, a substantial increase from approximately 26 million CZK the previous year.

The company, which is 100% owned by Germany’s Kuraray Europe GmbH and part of the Japanese Kuraray holding, noted that while sales grew strongly in the first half of the year, growth slowed in the second half due to a reconstruction of a main production line. The firm employs approximately 99 people.

In the financial sector, Komerční banka reported a net profit of 4.51 billion CZK, a 2% decrease from the previous period, despite strong operating results. The bank distributed its entire 18.1 billion CZK profit as a dividend last year, though analysts expect a slightly lower dividend yield for the upcoming period compared to the previous record.