Producer and trader of spices and food technology additives Progast, s.r.o. reported output of SKK 291.7 million (EUR 9.683 million) in 2007, up 2.9 percent y/y. Production costs increased from SKK 188.7 million (EUR 6.264 million) to SKK 190 million (EUR 6.307 million) last year. The company generated added value of SKK 118.3 million (EUR 3.927 million), up from SKK 116 million (EUR 3.85 million) in 2006. Revenues from goods sold amounted to SKK 63.4 million (EUR 2.104 million), while costs related to goods sold were at SKK 46.8 million (EUR 1.553 million). The trade margin was at SKK 16.6 million (EUR 551,000). The company earned a taxed profit of SKK 48.8 million (EUR 1.62 million), while the taxed profit was SKK 60.4 million (EUR 2.005 million).
The company's assets totaled SKK 256 million (EUR 8.498 million) at the end of 2007. Of this, fixed assets accounted for SKK 88.5 million (EUR 2.938 million). Shareholders' equity covered company's assets at SKK 110.6 million (EUR 3.671 million) and liabilities accounted for SKK 130.8 million (EUR 4.342 million).
Progast, s.r.o. Bratislava was established in 1991 as a private company focused on supplying the meat and poultry industries, butchers, smoked-meat makers, and the food industry in general. From 1991 to 1994, the company offered mainly imported natural spices, spice mixtures, and food technology additives for meat products. Based on continual demand from customers, in 1995 the company established its own production program for spice mixtures. The company's owners are four private individuals.