The state-run forest management company "Hrvatske Sume" posted a net profit of HRK 186.4 million in 2015, when its pre-tax profit totalled HRK 235.2 million.
"The trend of an increase in our profit has been continuing since 2012," the company stated in a press release on Tuesday.
Last year, the company's total revenues came to HRK 2.085 billion, down by 1% from 2014, but they were by 7% higher than planned.
The 2015 expenditures went down by 6% to HRK 1.85 billion.
Forests are on 2,688,687 hectares, which is 47% of Croatia's land. The state ownership of those resources is 78% and private 22%.
(EUR 1 = HRK 7.5)
Monday, July 25, 2016 - 19:35