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Slovenia’s Istrabenz 9-mo Group Net Profit Slumps to 12.2 Mln Euro

Nov 19, 2008, 5:41:45 PMArticle by Hristina Stoyanova
share
November 19 (SeeNews) - Slovenian energy-to-tourism group Istrabenz on Wednesday posted a group net profit of 12.2 million euro ($15 million) in the first nine months of 2008, down from 120.13 million euro it reported a year ago when it booked financial gains.

Slovenia’s Istrabenz 9-mo Group Net Profit Slumps to 12.2 Mln Euro

Group operating profit rose by 15% to 29.9 million euro in the first nine months of 2008, Istrabenz said in a statement to the Ljubljana Stock Exchange (LJSE), where its shares are listed.

Group sales through September rose by 5.0% to 472.9 million euro.

Shares of Istrabenz shed 0.03% to an average price of 37.45 euro on the LJSE on Wednesday. The company released its statement after the end of trading.

($ = 0.7922 euro)

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