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Slovenia's Krka says devalued Russian rouble hits group's 2014 profit

Dec 16, 2014, 5:04:02 PMArticle by Valentina Dimitrievska
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LJUBLJANA (Slovenia), December 16 (SeeNews) – Slovenian drug maker Krka [LJE:KRKG] said on Tuesday that the significant depreciation of the Russian rouble undermines the group's net sales in the Russian Federation, expressed in euro, and causes foreign exchange losses, which will cut into the group’s 2014 profit.

Slovenia's Krka says devalued Russian rouble hits group's 2014 profit

Krka is monitoring developments that have an influence on the value of the Russian rouble and is adjusting to new circumstances, the company said in a bourse filing.

Details were not provided.

Krka's largest individual market is the Russian Federation, where sales totalled 213.6 million euro ($267 million) through September, up by 2.0% from a year ago, or by 15% in Russian roubles, Krka said in its nine-month financial report.

($=0.8041 euro)

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