Holcim Hrvatska, profit.jpg
Photograph: HINA/ Daniel SPONZA/ ik

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.

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