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Gorenje sees 2009 group net profit down 11.6%

Slovenia's top household appliances maker Gorenje said 2009 group net profit is expected to fall by 11.6% to some €15.7 million ($21.91 million) due to lower demand amid the global financial crisis.

It said 2009 sales will rise by 0.2% to €1.34 billion. Group net profit in 2008 is seen at €15.7 million, down 25% compared to 2007. 2008 sales will rise by 3.2% to €1.33 billion. (Reuters)