FINANCIAL PERFORMANCE OF CZECH SUGAR REFINERIES: CASE STUDY TESTING THE POST-CRISIS PERIOD 2010-2013

摘要

The main purpose of this paper is to evaluate and compare a financial performance of Czech sugar refineries within a period 2010-2013. Due to the availability of financial statements for the requested periods were analysed following public limited companies - Cukrovar Vrbatky, Tereos TTD, Litovelska cukrovarna and Moravskoslezske cukrovary. There is an applied standard financial analytical approach, i.e. there are performed ratio analysis and tested selected bankruptcy and credibility indexes for financial performance analysis. The results of this analysis point out the stability of this industry having as its leaders Cukrovar Vrbatky and Moravskoslezske cukrovary.