The company American Express Slovensko, s.r.o., an operator of a payment cards system, reported sales of its products and services at SKK 260.9 million in 2006, which represents a minor increase of close to one percent. Production costs went up 1.9 percent y/y to SKK 244.6 million last year. On the other hand, added value dropped 11.9 percent to SKK 16.4 million, according to data the company provided.
The company earned a taxed profit of SKK 3.1 million last year, while in 2005 this was SKK 7.4 million. Its balance sheet total stood at SKK 46.1 million at the end of December. Of this, 94.6 percent were current assets. Short-term receivables represented SKK 19.9 million. Shareholders' equity covered assets with SKK 38.4 million. The company's liabilities totaled SKK 5.8 million.
American Express Slovensko was founded in 1991. Its majority-stake holder is the company American Express International, which was established in 1850 and is active in various areas at present. It issues credit cards, travelers' checks, provided services related to travel, financial planning, trade, insurance, and international banking.
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