Gorenje makes EUR 8.4 million in profit in 2016 – Revenues rise to EUR 1.26 billion
The net profit is higher by EUR 400,000 than the initial estimate of January, and Gorenje's last year's revenues rose by 2.7%, amounting to EUR 1.26 billion.
Gorenje increased its financial stability last year by paying off a part of its debt and the current ratio of net financial debt and EBITDA is 3.9:1, and the production financing costs have also been reduced.
Gorenje's last year's investments in product development amounted to EUR 32.3 million, and their investments in marketing activities reached EUR 26.4 million, Wisebroker reports.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
23.04.2024. | Construction, Transport
Tender for first section of Belgrade-Nis fast railroad from Velika Plana to Paracin announced
23.04.2024. | Construction, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | Industry, Transport
Serbia to develop project of “flying taxis” for EXPO with Airbus – Signing of memorandum announced
22.04.2024. | Industry, Transport