You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Croatia's Atlantic Grupa net profit down 23% y/y in H1

Author Annie Tsoneva
Croatia's Atlantic Grupa net profit down 23% y/y in H1 Author: Atlantic Grupa. License: All rights reserved.

ZAGREB (Croatia), July 28 (SeeNews) - Croatian distributor of fast-moving consumer goods Atlantic Grupa [ZSE:ATGR] said on Thursday its net profit declined 23.1% on the year to 167.4 million kuna ($22.6 million/22.3 million euro) in the first half of 2022, as rising prices of raw materials, packaging, energy and services dented its profitability.

Sales rose 11% year-on-year to 2.993 billion kuna in the six months through June, the company said in a filing to the Zagreb bourse.

EBITDA fell 13.6% to 334.8 million kuna, while EBIT plunged 22.1% to 203.6 million kuna.

Atlantic Grupa's shares traded flat at 390 kuna intraday on Thursday on the Zagreb bourse.

(1 euro=7.522 Croatian kuna)

 
Compare