Investments to Force Insurer Tilia into Red This Year

Novo Mesto, 12 April - Insurer Zavarovalnica Tilia increased its profit by 56% to SIT 143m (EUR 0.6m) in 2004. Nevertheless, the Novo mesto-based insurer expects a loss this year due to extra costs arising from the envisaged upgrade of its IT system, investments, and the planned increase in workforce.

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