profit

JANAF earns HRK 290.5 mn in profit in 2016

The Adriatic Oil Pipeline (JANAF) company earned a net profit of HRK 290.5 million in 2016, 24.4% more than in 2015 and 74.1% more than planned, the company said on Tuesday.

Adris Group nets HRK 151m in profits

In the first half of 2016, the Adris tourism and insurance group netted HRK 151 million in profits which, despite the sale of its tobacco business, is the same as at the same time in 2015, when net profits were HRK 150 million, the group said on Friday.

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.

HEP makes EUR 212.8m in profit in 2015

The HEP power utility made HRK 1.6 billion in profit in 2015 and the general assembly decided on Monday to set aside HRK 525.7 million as retained profits from regular business and HRK 634.3 million as other retained profits.

Profit per employee highest in state-owned businesses

A total of 106,569 businesses were active in 2015, and of them 104,635 were privately owned, 850 were state-owned, 592 had a mixed ownership structure and 492 were owned by cooperatives.

Commercial banks in Croatia earn Q1 gross profit of HRK 1.5 bn

Commercial banks in Croatia generated a total pre-tax profit of HRK 1.51 billion in the first quarter of 2016, according to preliminary unaudited data for 28 banks released by the Croatian National Bank (HNB) on Tuesday.

Croatian forest management company posts profit of EUR24.8M

The state-run forest management company "Hrvatske Sume" posted a net profit of HRK 186.4 million in 2015, when its pre-tax profit totalled HRK 235.2 million.

Jadrolinija reports 29% increase in net profit

Last year the company transported close to 10.9 million passengers and 2.7 million vehicles, increases of 8.8% and 6.3% from 2014 respectively.

Nokia reports first-quarter net loss of 583 million dollars

Finnish telecommunications equipment maker Nokia reported a first-quarter net loss of 513 million euros (583 million dollars) on Tuesday in its first report since acquiring rival Alcatel-Lucent of France in January.

Koncar Group earns HRK 29.4 mln in net profit

In the first quarter of 2016, the Koncar Group earned a net profit in the amount of HRK 29.4 million, of which HRK 5.6 belongs to minority interests and HRK 23.8 million to majority interests, the electrical, transport and energy company reported on Friday.

Djuro Djakovic Group posts net loss of HRK 11.5 mn

The value of the contracts signed as of March 2016 was HRK 764 million, which was an increase of 207% compared with the first quarter of 2015. The group said it expected to fulfil its plans for 2016.

Croatian enterprises see their 2015 profits double to HRK 17bn

The report is based on data from the FINA Register of Annual Financial Statements covering 106,569 enterprises subject to profit tax, excluding banks, insurance companies and other financial institutions.

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.

HPB Group's net profits rise 5.5 pct

The Croatian Postal Bank (HPB) Group netted HRK 47.8 million in profits in the first quarter of 2016, up 5.5 percent on the year, the bank said on Friday.

ENT revenues in Q1 up 7 pct, net profit up more than 12 pct

Business results in Q1 2016 show that Ericsson Nikola Tesla (ENT) sales revenues grew by 7% on the year, reaching HRK 330.8 million, while net profits grew by 12.3% to HRK 28.2 million, the company said in a statement on Thursday. 

Atlantic Group earns HRK 45 mln in net profit in Q1

In the first three months of this year the food and distribution company Atlantic Grupa earned a net profit of HRK 45.2 million, 1.6% more than in the same period last year, shows an unaudited consolidated financial report released on Thursday.

HT reports 3.4% increase in revenue, net profit down

In the first quarter of this year Croatian Telecom (HT) generated a net profit after non-controlling interests of HRK 136 million, which was 15 million or 10.1% less than in the same period of 2015. 

Sony returns to black for first time in three years

Sony posted a net profit of 147.8 billion yen (1.36 billion dollars) for the financial year ended March 31, the first positive result in three years, compared to a loss of 126 billion yen the year before, the company said Thursday.

Samsung profits up on demand for latest smartphones

The net profit of smartphone market leader Samsung increased in the first quarter thanks to strong sales of its new S7 models.

Croatia Airlines operates at profit in 2015

The national air carrier Croatia Airlines in 2015 earned a net profit in the amount of HRK 13.8 million, recording positive results for the third consecutive year, the company confirmed on Monday.

HBOR records HRK 205 mln in profits in 2015

The Croatian Bank for Reconstruction and Development (HBOR) last year generated HRK 205.2 million in profits, or nearly 37 million more than in 2014.

Holcim Croatia ends year 2015 with HRK 3.6 mln profit

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.

Croatian banking sector registers gross loss in 2015

This has been the first time for the banking system to finish a year in the red since 1998, which was remembered for a banking crisis when lenders had the aggregate gross loss of HRK 2.7 billion. 

ZABA ends 2015 with loss of HRK 519mn

Zagrebacka Banka (ZABA) ended 2015 with a net loss of HRK 519 million due to the costs of conversion of CHF loans in the amount of HRK 1.56 billion, the bank said in its annual financial statement on Monday.

Croatia Airlines ends in black for third consecutive year

Croatia Airlines generated a net profit of HRK 13.8 million in 2015, which is its third consecutive year in the black, indicate the company's preliminary financial statements released on Monday.

PBZ nets HRK 193.2m in profits

Privredna Banka Zagreb (PBZ) finished 2015 with HRK 193.2 million in net profits, as against nearly HRK 643 million in 2014, as a result of the conversion of Swiss franc loans, PBZ said in a financial report on Monday.

Rijeka-based dock posts pre-tax profit of EUR 19.5M in 2015

The Rijeka-based 3.Maj shipyard, which is a part of the Uljanik Group, registered the total revenue of HRK 940.8 million in 2015, and its pre-tax profit was HRK 147.9 million, according to unaudited financial statement from that dock.

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.

Ericsson Nikola Tesla's revenues up nearly 4%

Ericsson Nikola Tesla reported on Thursday that its sales revenues in 2015 rose by 3.8% to HRK 1.36 billion, and the net profit went up by 4.6%, to HRK 91.3 million, ...

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.

Dalekovod Group's revenue jumps 32%

The group's net profit totalled HRK 27.2 million, following a loss of 32.2 million in 2014.

Koncar Group's revenues up 11 pct, profits up 19 pct

Revenues of the Koncar Group, an electrical, transport and energy company based in Zagreb, went up 11% in 2015, reaching HRK 3.3 billion, while the company's operating profits rose by 19% to HRK 123.6 million.

Podravka's 2015 net profit four times higher than year earlier

The Podravka Group posted a record high net profit of HRK 398 million kuna in 2015, which was four times higher than in 2014, with an increase in the revenues of nearly 8 per cent, ...

Profit of construction company Tehnika halved

Last year, nine companies in Croatia and one company in Bosnia and Herzegovina that make up the Tehnika Group, earned revenues in the amount of HRK 754 million, which was 5.9% higher on the year. 

Ford to cut hundreds of jobs in Germany, Britain in profit push

US carmaker Ford has announced it will slash hundreds of jobs, mainly in Germany and Britain, in an attempt to cut costs by 200 million dollars per year and increase profitability.

JANAF's 2015 net profit HRK 203.4 mln, twice as much as in 2014

The Adriatic oil pipeline operator JANAF ended 2015 with a net profit of HRK 203.4 million, which is twice as much as in 2014, the company reported on Tuesday.

HPB generates record profit in 2015

"In an extremely demanding year - 2015 - HPB managed to inject fresh capital with the participation of private investors, implement reorganisation, improve business efficiency, attract new clients and generate the best business results in corporate history," 

Dalekovod earns HRK 32 mln in profit

The Zagreb-based power transmission lines manufacturer Dalekovod earned HRK 31.9 million in net profit in the first nine months of 2015, ...

Adris Group's Q1-Q3 net profit up 8.2 pct

In the first three quarters of 2015, the Adris Group's total revenues  came to HRK 8.3 billion, including 4.3 billion of revenues from the sales of commodities ...