Holcim Croatia ends year 2015 with HRK 3.6 mln profit

The Holcim Croatia construction material producer ended the year 2015 with a net profit of HRK 3.6 million after registering losses for five years, with cost-cutting at all levels being the key contributor to the positive results, the company's CEO, Alan Sisinacki, said on Friday.

Some of the money saved was invested in a company centre for innovations and projects, which resulted in the company putting five new products on the market.

The company's revenue last year was 9% up from 2014, to HRK 310 million, even though the level of construction activity in Croatia has not increased significantly yet, Sisinacki said at a news conference in Pula.

The leader of the Workers Union of Istria, Kvarner and Dalmatia, Bruno Bulic, said that Holcim fostered a true social dialogue at a much higher level than in other Croatian companies.

The average gross salary in Holcim last year was HRK 9,254, and in 2014 it was HRK 9,480.

Holcim Hrvatska is part of Lafarge-Holcim Group, established in July 2015 following a merger of two leading companies in the construction material industry - Lafarge and Holcim.

The group employs 115,000 workers in more than 2,500 factories in more than 90 countries around the world.

Last update: Fri, 11/03/2016 - 15:48

More from Business

Frankfurt airport test-runs new automatic immigration system

Frankfurt airport was testing out a new automatic immigration system on Thursday, the first time such a system has...

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet...

UniCredit sells stake in Polish bank Pekao to strengthen capital

Italy's biggest bank by assets, UniCredit, said Thursday it was going to sell a 32.8-per-cent stake in Polish...

BAT factory in Kanfanar exports to 19 markets

British American Tobacco (BAT) is satisfied with the results achieved in its first year of doing business in Croatia...