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Dec 21, 2007 17:59 EEST
December 21 (SeeNews) - Slovenian rubber-to-tourism holding firm Sava plans a group net profit of 32 million euro ($46.8 million) next year, down from the 43.7 million euro projected for 2007, it said on Friday.
“The main reason is the short-term lowering of dynamism in selling financial investments,” Sava said in a statement. The company added that it expects, however, its group net profit to rise after next year. It did not elaborate.
Group sales are expected to rise to 219 million euro in 2008 from 200 milion euro projected for the current year.
Sava plans to invest some 43 million euro next year.
Shares in blue chip Sava gained 5.1% to an average price of 669.78 euro on the Ljubljana Stock Exchange on Friday.
($ = 0.68 euro)
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