Footwear Maker Peko Remains in the Red

Tržič, 29 December - Footwear maker Peko is expected to half its 2002 losses of SIT 336m (EUR 1.41m) this year, while sales revenues are to remain flat over last year, amounting to some SIT 11bn (EUR 46.4m). The company's plan to come out of the red will thus not come true in 2003, according to Peko management.