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Croatia's Alpha Adriatic cons net profit falls sharply in H1

Author Annie Tsoneva
Croatia's Alpha Adriatic cons net profit falls sharply in H1 Uljanik Plovidba's tanker Champion Istra Photo: Uljanik Plovidba

ZAGREB (Croatia), August 4 (SeeNews) - Croatian shipping company Alpha Adriatic [ZSE:ULPL] said its consolidated net profit fell to 17.8 million kuna ($2.42 million/2.37 million euro) from 43.4 million kuna in the same period of 2021.

The consolidated operating revenue rose to 82.2 million kuna from 79.9 million kuna in the year-ago period, the company said in a filing with the Zagreb bourse last week.

Operating costs fell to 46.2 million kuna from 46.9 million kuna.

The company had 26 employees at the end of June.

Its fleet consisted of 1 MR tanker and 4 Supramax tankers with an average age of 9.5 years.

Alpha Adriatic's ordinary shares traded 4.55% higher at 115 kuna intraday on Tuesday on the Zagreb bourse.

(1 euro = 7.512 Croatian kuna)

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