(Adds table)
ZAGREB (Croatia), November 15 (SeeNews) – Croatian blue-chip oil and gas company INA reported on Thursday a 29.2% rise in group nine-month net profit to $133 million (90.7 million euro) from $103 million a year earlier.
INA Group's operating profit increased by an annual 24.7% to $161 million through September, the company said in a statement.
“Hydrocarbon production and sales volumes of refined products increased and one-off costs decreased in comparison with last year”, the company added.
INA is Croatia's largest company by revenue. The Croatian government is the largest shareholder in INA with 51% and Hungarain oil company MOL owns 25%.
INA’s shares traded at 2,615 kuna ($522/356) on Thursday, up from Wednesday's close of 2,595 kuna.
Details follow:
| (in millions of U.S. dollars) |
Jan-Sept'07 |
Jan-Sept'06 |
| Net income |
133 |
103 |
| Net sales revenues |
3,285 |
2,931 |
| EBITDA |
370 |
337 |
| Operating profit |
161 |
120 |
| Net financial gain |
13 |
13 |
| Operating cash flow |
146 |
228 |
(1 euro= 7.352 Croatian kuna)