Czech operations of Bat’a plunge into loss in 2009

The Czech operations of the iconic footwear company Bat’a plunged into a loss in 2009 as a result of the economic crisis. The company made a loss of 16.43 million crowns on shrunken turnover of 2.46 billion crowns. A year earlier the company, which employs around 1,100 people, posted a slim profit of 1.65 million crowns on turnover of 2.76 billion crowns. The company expects an improved result for 2010.