Decline in exports hurts Arctic?s turnover - 14 Aug 2008

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Home appliances producer Arctic, held by Turkish group Ar?elik, saw a 3% decline in sales and a 5% drop in turnover in the first six months of the year against the same time last year, amid a decline in exports of the Gaesti-based plant.

In the first half of this year, Arctic sold 667,000 home appliances, down by around 3% against the same time last year, when it sold 691,000 units. In the first six months of last year, Arctic posted an over 12% sales increase in terms of volume, against the...

Read the whole story in: Ziarul Financiar