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Impairments Turn Sava's Profit to EUR 22.4M Net Loss in Q1

Kranj, 30 May - The chemicals-through-tourism conglomerate Sava has reported a pre-tax loss of EUR 24.2m and a net loss of EUR 22.4m for the first three months of 2011 due to impairments of the group's financial investments. Without EUR 26.6m in impairments, Sava would finish the first quarter with a pre-tax profit of EUR 2.4m.

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© STA, 2011