INA Group revenues down 21 pct, net profit drops 83 pct

The INA Group in 2015 generated sales revenues in the amount of HRK 18.86 billion which is 21% less than in 2014, while the Group's net profit dropped by 83% to 58 million, according to the financial statement issued by this oil company on Wednesday.

According to the statement, the company's Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to HRK 2.95 billion, up 10% on the year. Current Cost of Supplies (CCS) EBITDA was HRK 3.67 or 9% more that in 2014.

Net profits totalled HRK 58 million or 83% less than the year before.

Last update: Wed, 24/02/2016 - 10:07
Author: 

More from Business

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...

Reports: AC Milan sale to Chinese group postponed to March

AC Milan's controlling company Fininvest and Sino-Europe Sports have agreed on moving the sale of the Serie A club...