Presov-based clothing manufacturer Vzorodev earned profits of SKK4.5m on costs of SKK57.8m during the first five months of 2001, the Slovak Press Agency reported.

The cooperative ended the same period last year with a loss of SKK44,000, Dusan Ivanov, Vzorodev's head, announced.

Vzorodev's five-month output increased by around 14 per cent year on year to SKK56.5m. The cooperative exports three-quarters of its output, with Germany, the Netherlands, Sweden and Austria as its main customers. Sales from exports rose 1.5 per cent year on year to SKK40.7m. Sales in Slovakia dropped 12 per cent to SKK4.6m.

The cooperative invested SKK1.5m in sewing machines this year.
(SKK100 = $1.98)