At its 2nd regular meeting held on 24 August 2016, the Supervisory Board of Sava d.d. was briefed about the operations of the Sava Group and Sava d.d. in the period January–June 2016. The companies of Tourism division generated sales revenues of €30.6 million in the first half-year 2016, thereby surpassing last half-year’s performance figures by 3%, and generated a profit of €1.8 million. The EBITDA totalled €5.4 million and outperformed last half-year’s result by 4%.
A net loss of €5.7 million was made at the level of the Sava Group, which was chiefly due to the accrued default interests on the loans obtained by Sava d.d.
The Supervisory Board further dealt with the information on the course of compulsory settlement proceedings on Sava d.d., which after the voted compulsory settlement proceedings will again show positive capital, while the implementation of the proposed financial restructuring plan will provide conditions for Group’s profitability.
Interim Report
Sava d.d.
Corporate Communications