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Croatia's ACI swings to net profit in H1

Author Annie Tsoneva
Croatia's ACI swings to net profit in H1 ACI marina Umag. Photo by ACI.

ZAGREB (Croatia), July 21 (SeeNews) - Marina operator Adriatic Croatia International Club (ACI) said it recorded a non-consolidated net profit of 2.6 million kuna ($353,000/346,000 euro) in the first half of 2022, compared to a net loss of 4.6 million kuna a year earlier.

The company's operating revenue reached 98 million kuna in the January-June period, up from some 82 million kuna in the first half of last year, while EBITDA rose to 36.2 million kuna from 29.2 million kuna, ACI said in a unaudited financial statement to the Zagreb Stock Exchange (ZSE) on Wednesday.

ACI's investments in the first six months of this year more than doubled to 47.9 million kuna from 19.8 million kuna in the same period last year. The company employs 385 people and operates 22 marinas.

The Croatian state owns over 78% of Opatija-based ACI.

The company's shares last traded on July 14, closing 1.95% lower at 7,550 kuna.

(1 euro = 7.516 kuna)