Daily comment:
Domestic capital market started the week with below average turnover of only HRK 21,6 million while popular benchmark declined 0,1%. Oil and gas company Ina (INA-R-A) continues to be in investor's focus topping the liquidity board with HRK 8,7 million in turnover followed by 0,1% price decrease. Zadar based shipping company Tankerska plovidba (TNPL-R-A) posted H1 result. company managed to improve the profitability despite 3,6% decline in sales as a result of 58% (HRK 26,3 million) decrease of other sales. Due to the 8% decrease of operating expenses, with raw material costs and depreciation being decreased 6,9% and 6,8% respectively, EBIT and EBITDA increased 5,9% and 1,7%, respectively. Corresponsive margins also increased with EBIT margin gaining 310 bps while EBITDA margin increased by 260 bps. Bottom line increased 4,1% to HRK 156,9 million giving H1 EPS of HRK 250,5. TNPL closed at HRH 3.450, 1,5% up, collecting HRK 0,3 million in turnover. Even though the BDI index dropped another 2% today to 7.055 pts Croatian shipping companies delivered mixed performance with Atlantska plovidba (ATPL-R-A) gaining 0,5% while Jadroplov (JDPL-R-A) lost 0,7% and Uljanik plovidba (ULPL-R-A) price remained unchanged. BDI index has been falling since 10th of July and is currently at levels last seen at the end of February. After recent speculations of Agrokor’s possible entrance into the Russian retail store market, largest domestic retail chain Konzum (KNZM-R-A) added 4% to end at HRK 233.
news flash:
- Investors in Moscow Struggle With Uncertainty of War
- Water companies plan price rises
- China’s Trade Surplus at an 8-Month High
- Waste management hikes bid for Republic
CROBEX index - Zagreb Stock exchange -0,1%
Date change in 2008. -30,7%
CROBEX index - Zagreb Stock exchange (chart)
Avg price change for CROBEX members (chart)
market MULTIPLES -SHARES (tables)
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stock report20080811.pdf, 108 Kb
