August 26 (SeeNews) - Slovenian conglomerate Sava [LJE:SAVA] said on Friday its consolidated net loss narrowed to 5.7 million euro ($6.4 million) in the first half of the year from 14.8 million euro a year earlier.
Consolidated sales revenue rose 4.1% year-on-year to 32.1 million euro in the first quarter, Sava Group said in a bourse filing.
The group's Tourism division generated net sales revenues of 30.6 million euro in the first half-year 2016, thereby surpassing last half-year’s performance figures by 3%.
Consolidated operating expenses dropped 1% on the year to 30.1 million euro, surpassing the planned figures for the period by 1%.
Investments of Sava Group companies totalled 2.4 million euro in the first half and were entirely realised in the tourism division.
For 2015, Sava Group consolidated net loss narrowed to 27 million euro from 47 million euro in 2014.
Sava Group includes nine companies. Its two core operations are tourism and finance.
($=0.8838 euro)