Slovenia's Krka expects 2016 profit to fall by a third

Krka dd Novo Mesto

17/11/2016 11:06

LJUBLJANA, Nov 17 (Reuters) - Slovenia's Krka  KRKG.LJ  
expects its 2016 group net profit to fall by about a third from 
last year's 158.2 million euros, the generic drugs maker said on 
Thursday after posting a fall of about 40 percent in nine-month 
profits. 
    Profit from January to September came to 80.3 million euros, 
down from 133.3 million, mainly due to lower drug prices, it 
said. 
    Krka said it expected its profit to rise in 2017. 
     
 
 (Reporting by Marja Novak; editing by Jason Neely) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: KRKA RESULTS/