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Slovenia’s Intereuropa 9-mo Group Slumps 73% to 7.0 Mln Euro

Nov 20, 2008, 5:03:44 PMArticle by Hristina Stoyanova
share
November 20 (SeeNews) - Slovenian logistics company Intereuropa on Thursday posted a group net profit of 7.0 million euro ($9.0 million) in the first nine months of 2008, down from 26.15 million euro in the year-ago period when it booked financial gains.

Slovenia’s Intereuropa 9-mo Group Slumps 73% to 7.0 Mln Euro

Group earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 52% on the year to 26.97 million euro through September, Intereuropa said in its unaudited financial report for the first nine months of 2008 filed with the Ljubljana Stock Exchange (LJSE), where the company shares are listed.

Group net sales through September rose by 18% to 202.57 million euro.

Shares in Intereuropa, part of the broader SBI20 index of the LJSE, sank 6.32% to an average price of 9.78 euro on the LJSE on Thursday amid an overall slump on the market. The company announced its financial results after the end of trading.

($ = 0.7981 euro)

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