Daily comment:
Quarterly results release market today’s trading on Zagreb Stock exchange with 31st July deadline for non-consolidated reports. Although Co’s reported mostly improved business results popular benchmark added only 0,1% today. Fertilizer produce Kutina based Petrokemija (PTKM-R-A) registered jump in sales and profits, driven with upraised prices of its products (twice this year). Q2 sales increased by 63,4% to HRK 819,5 million, as domestic and foreign sales gave their contribution to this growth. Operating income rocketed from 1,2 m HRK in Q2 2007 up to HRK 69,3 million and corresponsive margin amounted to 8,5%. EBITDA increased by 258,9% yoy to HRK 94,3 million and EBITDA margin more than doubled to 11,5%. Net income amounted to HRK 69,4 million (Q2 2007: - 0,6 m HRK) while Q2 and cumulative earnings per share amounted to HRK 20,8 and 12,2 respectively. This huge improvement didn’t left investors lukewarm and PTKM share soared by 3,5% collecting 3,7 m HRK in turnover. Port operator Luka Ploce (LKPC-R-A) didn’t have such a impressive Q2 performance like in Petrokemija’s case, but it was also on its track. sales rose by 37,5% to HRK 49,7 million vs. 36,2 m HRK in Q2 2007. Operating income is higher by 50% yoy, while EBITDA rose by 40,5% to HRK 13,3 million. Net income amounted to HRK 10,7 million or up by 41,5% yoy. Q2 earnings per share amounted to HRK 48,0 while cumulative EPS is at HRK 93,7. Luka Ploce today gained 9,1% on 0,7 m HRK turnover. Despite BDI’s 0,5% decline to 8.388 pts, Atlantska plovidba (ATPL-R-A) experienced 1,7% gain, as company announced launching of its 53k dwt Supramax newbuilding. This is first launching of three Supramax new building that Co ordered in Vietnamese shipyard Ha Long. Atlantska plovidba publishes consolidated reports and its deadline to announce Q2 results is August, 15th. Top liquid issue, oil company Ina (INA-R-A) today slipped 0,1% collecting total turnover of HRK 9,1 million.
news flash:
- British Gas raises energy bills
- Nintendo Reports Profit Gain Due to Wii
- Germany’s Bayer Earnings Higher
- Siemens Profit Falls 31 Percent
Avg price change for CROBEX members (table)
market multiples -shares (table)
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FIMA FAS Ltd.
42000 Varazdin * Anina 2 * Croatia * Tel: +385-42-390900 * Fax: +385-42-390990 *
http://www.fima.com
e-mail: fima-fortis@fima.com
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