May 10, 2018 / 4:56 PM / in 5 months

Slovenia's Gorenje lifts first-quarter profit by 23.5 percent

LJUBLJANA (Reuters) - Slovenian household appliances maker Gorenje (GORE.LJ), which could be taken over by China’s Hisense Electric (600060.SS), lifted first-quarter net profit by 23.5 percent year on year to 2.5 million euros (2.2 million pounds), the company said on Thursday.

The profit rise was on sales down 3.3 percent at 295.6 million euros.

Gorenje said on Wednesday that Hisense had offered 12 euros per share for the company, valuing the business at 293 million euros.

Reporting by Marja Novak; Editing by David Goodman

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