Petrokemija

Petrokemija posts HRK 87.3m loss in 2016

The Petrokemija artificial fertiliser manufacturer made HRK 1.93 billion in revenues in 2016, expenditures were HRK 2.02 billion and the loss was HRK 87.3 million, down 5.6% on the year, the Kutina-based plant said on Monday.

Petrokemija posts loss of HRK 29.7 mn

Fertiliser manufacturer Petrokemija on Friday reported an operating loss of HRK 29.7 million in the first nine months of 2016, which was 35% less than in the same period in 2015.

Gov't approves state collateral for Petrokemija to seek loan

The HBOR loan to Petrokemija is in Croatia's economic interest because 79.85% of the company's shares are held by the state and the company is the main producer of artificial fertilisers in Croatia and an important competitor on the regional market, said Finance Minister Zdravko Maric.

Approved EUR 27M loan to Petrokemija

The Supervisory Board of the Croatian Bank for Reconstruction and Development (HBOR) on Friday gave its consent to the approval of a HRK 200 million loan to the Petrokemija artificial fertiliser manufacturer so that it can pay its debts to its suppliers, and the caretaker Finance Minister Zdravko Maric said on Saturday that the government would confirm the collateral, which, he added, will not increase Croatia's public debt.

Croatian PM announces state collateral for Petrokemija

Caretaker Prime Minister Tihomir Oreskovic said on Tuesday the issue of a loan to the Petrokemija artificial fertiliser manufacturer so that it can pay its debts, was solved and that the government would put up the collateral for it, but not with shares in the Jadran tourism company.

Minister: State's stake in Jadran company as collateral for Petrokemija's loan

The state-owned stake in the Jadran hotel company from Crkivenica will not be sold but will be used as collateral for a loan the Petrokemija artificial fertiliser producer will take to repay its 200 million kuna debt to the PPD gas company, outgoing Economy Minister Tomislav Panenic said after a government session on Thursday, adding that the government could adopt a decision to that effect next week.

Petrokemija carries out overhaul of its plants

Petrokemija, a major Croatian producer of artificial fertilisers, stated on Tuesday that it had carried out a thorough overhaul and streamlining of its manufacturing plants.

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.

Croatia takes Podravka, Koncar, CA, CO ....off list of strategic companies

Explaining the latest developments, Finance Minister Zdravko Maric told Hina on Wednesday that this decision was in line with the government's plan to ensure 1.6 billion kuna for the budget from the activation of state property until the end of this year.

Petrokemija revenues drop 24 pct, losses more than halved

The Kutina-based artificial fertiliser manufacturer Petrokemija wrapped up the first quarter of 2016 at a loss of HRK 6.6 million (HRK 15.9 million in Q1 2015), while revenues dropped 23.6% to HRK 534.4 million, according to a financial report released on Friday.

Petrokemija increases revenues, reduces loss

The maker of artificial fertilisers Petrokemija in 2015 earned revenues in the amount of HRK 2.58 billion, 14.8% more than the year before, and after taxation it recorded a loss of HRK 93.2 million.

Petrokemija receives five statements of intent

The Petrokemija Management Board confirmed on Monday that it has received five statements of intention for the subscription of new shares, ...

Petrokemija's income up 19 pct, loses reduced

The company's loses in the said period amounted to HRK 51.8 million, while in the first nine months of 2014, the loses amounted to 286.82 million.

Minister promises lower gas prices for households next year

Despite all the setbacks, debts, high prices of gas and of capital, the Kutina-based Petrokemija has been salvaged and is still operating, Vrdoljak said.