The Czech Republic’s largest producer of edible oils, Setuza, has posted a 33% increase in its Q1 profits year on year, to reach CZK38.67m (US$1.14m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


This increase came despite a 19.2% fall in sales, to CZK 1.36bn, and Setuza explained that it was largely driven by cost-cutting measures. The sales drop came because the firm made cuts in loss-making activities, like the export of edible oils.


Meanwhile, the Ceskoslovenska Obchodni Banka bank(CSOB) has asked the state-owned bailout agency, CKA, to declare Setuza bankrupt because of a CZK1.9bn debt claim it inherited against Setuza when it acquired the collapsed Investicni a Postovni Banka (IPB) in June 2000.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now