Daily comment:
Slipping less than 0,1% stock index CROBEX closed the session at 3.637,55 pts while total stock turnover amounted to poor HRK 25,8 million. Consequently, there were only seven millionaires today with oil company Ina (INA-R-A) topping the liquidity board. Ina share declined 0,3% collecting 4,1 m HRK in turnover today. Auto parts producer AD Plastik (ADPL-R-A) continues with above the benchmark performance, as it gained 3,4%. The Co announces consolidate reports and deadline is August, 15th. However, food & pharmaceutical company Podravka (PODR-R-A) today announced its consolidated Q2 results. sales rose by 7,9% yoy to HRK 933,5 million on 20,3% higher foreign sales. Southeastern Europe area was biggest growth generator, the Co reported. Due to the positive impact from Changes in inventories item EBIT is higher by 5,1% and amounts to HRK 31,5 million, while corresponsive margin remain almost unchanged. EBITDA had 4,4% yoy increase to HRK 70,4 million, while EBITDA margin declined to 7,5%. Net financial loss rose by 40,1% on soaring interest expenses. Net income amounted to HRK 7,0 million (+7,1% yoy). These results didn’t left an impression on investors, as PODR share closed at HRK 365 (0,0% chg) on insignificant turnover. Big sized Erste bank (RIBA-R-A) released positive Q2 results. Net interest and fee and commission income grew 14% and 29%, respectively. As other income increased more than 10 times, net profit before provision reached HRK 287 million, 52% up. Net income after tax is 65% higher. Decreased liquidity left trace, as this issue didn’t record any stock transaction today. Tourism company Riviera Porec (RIVP-R-A) announced that it had bought, in block transaction on July 29th, total 25.000 shares what represents some 0,7% of shareholders equity. And RIVP share wasn’t traded today.
news flash:
- AstraZeneca Lifts 2008 Outlook as Q2 Tops Forecast
- Shell Reports a Profit Jump Despite Reduced Production
- Tata Motors Net Falls 30 Percent
- ArcelorMittal Profit More Than Doubles
CROBEX index - Zagreb Stock exchange -0,1%
Date change in 2008. -30,6%
Avg price change for CROBEX members (chart)
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stock report20080731.pdf, 110 Kb
