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Nov 14, 2007 12:15 EEST
November 14 (SeeNews) - Croatia's Atlantic Grupa, a fast moving consumer goods distributor and manufacturer of healthcare products , said on Wednesday its nine-month net profit rose by 62% on the year to 42 million kuna ($8.4 million/5.7 million euro).
The group's total revenue rose by 22% to 1.3 billion kuna, it said in a statement to the Zagreb Stock Exchange (ZSE).
Atlantic Grupa (www.atlantic.hr) was set up in 1991 as a family business. It includes consumer goods distributors Atlantic Trade and Atlantic s.r.l, food producer Cedevita, cosmetics maker Neva, nutritional supplements manufacturers Haleko and Fidifarm.
Last December Atlantic Grupa issued a 115 million kuna five-year fixed-rate bond to raise money to refinance debt and fund investments. The bond is listed on the top tier of the ZSE.
The company shares's are scheduled to be listed on the ZSE on November 19, following an IPO which closed on October 31 and in which demand for the stock topped the offer five times the offer and the price was finally set at 935 kuna per share.
(1 euro = 7.3499 Croatian kuna)
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