Petrokemija makes first H1 profit since 2011

The Petrokemija Group made HRK 921,000 in profits in the first half of 2016, the first time it earned a profit in the first six months of a year since 2011, when it had posted a loss of HRK 11.6 million, according to a financial report released on Thursday.

The group's revenues totalled HRK 1.06 billion, down 19.1 percent from the first half of 2015, while expenditures totalled HRK 1.059 billion, down 20%.

Earnings before interest, taxes, depreciation, and amortisation amounted to HRK 58.4 million.

Domestic sales accounted for 28.8% of the revenues (HRK 304.5m), down 38.4% from the first six months of 2015, while exports generated 67.7% of the revenues (HRK 715.9m), down 7.9%.

The group manufactured 550,000 tonnes of mineral fertiliser, down 5%. The group has 1,742 employees.

Investments amounted to HRK 74.6 million, HRK 39.1 million more than in the first half of 2015.

(EUR 1 = HRK 7.48)

Last update: Fri, 29/07/2016 - 12:41
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