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Croatian TV broadcasters' net profit up 7.8% in 2018

Author Iskra Pavlova
Croatian TV broadcasters' net profit up 7.8% in 2018 Croatian TV broadcasting firms in 2018, Photo: Fina

ZAGREB (Croatia), November 21 (SeeNews) - The net profit of TV broadcasters in Croatia rose 7.8% to 143 million kuna ($21 million/19 million euro) last year, the country's financial agency Fina said.

The sector's total revenue increased by 2.3% to more than 2.3 billion kuna last year, while total costs edged up 0.6% to some 2.1 million kuna, Fina said in a statement on Wednesday.

State-owned TV and radio broadcaster HRT was the leading TV station in Croatia last year with a revenue of almost 1.4 billion kuna, close to 60% of the sector's total.

HRT reported a profit of 81.3 million kuna.

It was followed by United Group-owned Nova TV, which generated 418.7 million kuna of revenue and 51.9 million kuna of net profit.

Third was RTL Hrvatska with a revenue of 342.6 million kuna and a 13.4 million kuna profit in 2018.

An overall 52 companies were active in TV broadcasting in Croatia last year with 18 of them operating at profit and 34 reporting loss. They employed a total of 3,794 people, up from 3,784 in 2017.

(1 euro = 7.43958 kuna)