February 20 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] said its consolidated net profit increased to 1.22 billion kuna ($202.6 million/163.9 million euro) in 2017 from 101 million kuna in 2016 on the back of strong operating results.
Net sales revenues climbed 20% to 18.6 billion kuna last year, while EBITDA reached over 3.2 billion kuna, a 52% increase on 2016, INA said in a statement filed with the Zagreb bourse on Monday evening.
Capital expenditures rose 1% to 1.39 billion kuna in 2017.
(1 euro=7.43880 Croatian kuna)