July 28 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-R-A] said on Friday its first-half net profit edged up 2.0% on the year to 167 million kuna ($26.4 million/22.5 million euro).
The group's total revenue increased 5.0% on the year to 2.54 billion kuna in the January-June period, Adris said in a filing with the Zagreb bourse.
The company's tourism business experienced a boost as hotel operator Maistra saw a 19% rise in overnight stays in the review period. An increase in the average price of an overnight stay by 3% boosted its operating income by 19%.
Total investments in Adris's tourism business in 2017 are expected to amount to 450 million kuna.
The Group's fish farming and processing unit Cromaris booked a net profit of 8 million kuna, up 12% on the year, while its operating profit jumped 17%. At the moment Cromaris is generating 77% of its sales abroad. The company achieved sales of 3,324 tonnes of product in the months through June, up 1% on the year, while its sales revenue remained unchanged from last year.
The group's insurance arm, Croatia Osiguranje, posted a first-half net profit of 102 million kuna, up 37% on the year. It recorded an increase in consolidated gross written premiums of 3% to 1.9 billion kuna. The insurer remains the leader on Croatia's insurance market with an overall market share of 32.1%.
(1 euro=7.41283 kuna)