Catholic Church reported profit for 2019

Published: 23.11.2020 Related countries:  Egypt Egypt

Catholic Church reported total profit CZK 29m in 2019.

In 2019, the Catholic Church reported a profit from economic activities of almost CZK 594m. Total profit was CZK 29m. Costs of main activities increased to CZK 3.4bn (2018: CZK 3.1bn). The Church spent the highest amount on the renovation of monuments and historic buildings (CZK 1.5bn). Personnel expenses that account for about one-third of the costs remained stable. Dioceses paid CZK 81m in income tax to the state. Other taxes stood at CZK 61m. In H2 2019, two hospitals were added to the assets of the Catholic Church.

Source: CIA News
Prepared by the team of CzechTrade Cairo