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Croatian dairy company Dukat's 9-mo cons net profit grows

Croatian dairy company Dukat's 9-mo cons net profit grows Author: SeeNews. License: All rights reserved.

ZAGREB (Croatia), October 30 (SeeNews) - Croatian dairy company Dukat [ZSE:LURA] said on Wednesday its consolidated net profit rose to 149 million kuna ($22.2 million/20 million euro) in the first nine months of 2019, from 135.8 million kuna in the like period of last year.

Operating income rose 6.3% on the year to 3.1 billion kuna in the January-September period, while operating costs increased 6.2% to 2.9 billion kuna, Dukat said in an interim financial report filed with the Zagreb Stock Exchange (ZSE).

Earnings before interest and taxes (EBIT) amounted to 180.6 million kuna, up by 15.1 million kuna over the prior-year period. 

Nine-month sales revenue grew 6.4% year-on-year to 3 billion kuna. Sales on foreign markets made up 58.3% of the total, coming in at 1.76 billion kuna, up 7.5% on the year.

Dukat invested 73.8 million kuna in its operations in the nine months through September 2019.

Dukat's shares last traded on October 28 at 550 kuna on the ZSE, down 5.17%. 

(1 euro = 7.46140 kuna)