Czech PM Babiš's SynBiol posts near half-billion loss; opposition criticizes ownership

SynBiol, the group owned by Czech Prime Minister Andrej Babiš, reported a loss of nearly half a billion crowns for the last fiscal year, despite revenues rising by over a third. The opposition has seized on the loss to criticize Babiš's continued ownership of the company while in office. The development is politically significant in the Czech Republic, though the financial details remain as reported by the company.