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Gorenje Group Posts EUR 2.1m Net Profit in Q1

Velenje, 25 May - Gorenje Group made a higher-than-expected EUR 2.1m in net profit in the first quarter of 2012, up 12.9% compared to the same period last year. Operating profit stood at EUR 9.2m, while revenues were below plans, at EUR 299m, compared to EUR 370m in 2011, the company said on Friday.

Velenje
The headquarters of home appliance maker Gorenje.
Photo: Daniel Novakovic/STA

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© STA, 2012