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Croatia's AD Plastik cons net profit rises 24.3% in 2018

Croatia's AD Plastik cons net profit rises 24.3% in 2018 AD Plastik factory; Source: AD Plastik

ZAGREB (Croatia), February 21 (SeeNews) - Croatian plastic products manufacturer AD Plastik [ZSE:ADPL-R-A] said on Thursday its consolidated net profit grew 24.31% year-on-year in 2018, reaching 87.27 million kuna ($13.3 million/11.7 million euro).

"AD Plastik successfully closed a very challenging year, achieving record revenues and profit," management boatd chairman, Marinko Dosen, said in a filing to the Zagreb Stock Exchange (ZSE).

The company's operating income increased 21.02% to 1.3 billion kuna last year, while its EBITDA added 0.79% to 159.6 million kuna.

The revenue of the group on the market of EU and Serbia rose 22.71%, way ahead of the overall market growth of 0.1% on the back of implementation of new projects for Renault, Ford, Volkswagen and Fiat.

Revenue on the Russian market added increased by 16.24%, mainly on the back of good sales of car models for which AD Plastik produces parts.

(1 euro = 7.41534 kuna)