Writedowns Turn Sava Profit into EUR 40.6M Loss

Kranj, 27 August - Conglomerate Sava incurred a loss of EUR 40.6m in the first half of the year after reporting EUR 3.1m in profit in the same period last year. The company said the main reason for the loss is writedowns, in particular claims to Merfin, the majority owner of hardware retailer Merkur.