business results

Podravka revenues up 15 pct, profit up 54 pct

The Podravka Group that operates in two main business segments: food and pharmaceuticals, generated a net profit in 2016 of HRK 182.4 million, which is 54.7% more than in 2015 without taking into account the one-off effect of consolidating the Zito company or deferred tax returns of Belupo in 2015, according to the company'y unaudited financial statements released on Tuesday.

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 following the takeover of Croatia's TDR tobacco company.

AD Plastik Group income down 2.4 pct, profit up 4.2 pct

The generated income is in line with the company's business plan, which included problems on one of the company's most important markets -- Russia.

INA's revenue down more than 30 pct, profit down more than 90 pct

In the first six months of 2016, the Croatian oil company INA generated a net sales revenue of HRK 6.29 billion, down 32% on the year, while net profit was down more than 90%, which is the result of the oil and gas price decline, according to the company's report issued on Thursday.

State-owned HPB bank generates record high profit

The Croatian Postal Bank (HPB) wrapped up H1 2016 with the highest semi-annual net profit in the bank's history, amounting to HRK 1.3 million, with a strong growth of market shares in all segments of its business transactions, the HPB said in a press release Friday.