Croatia's AD Plastik 9-mo cons net profit falls 5.4%

AD Plastik Group’s sales revenue totaled 539.4 million kuna in the review period, 1.5% up from a year earlier, the company said in a bourse filing on Thursday.

Net profit margin decreased mainly because operating costs of new acquisitions have been present since the beginning of the year, while they started generating revenue in the third quarter and with slightly less volume than planned and decrease in revenue in the parent company, as a result of decrease in car sales in the European Union, the company added.

At the end of September the group had 2,599 employees, out of which 820 were working for the parent company, AD Plastik.

AD Plastik manufactures plastic components for the automotive industry. Its main production activities are spread over seven production sites in four countries: three in Croatia, two in Russia and one each in Slovenia and Romania.

(1 euro=7.5396 Croatian kuna)