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Croatia's Atlantska Plovidba turns to cons net loss in Q3

Oct 29, 2019, 5:59:29 PMArticle by Stefan Radulovikj
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October 29 (SeeNews) - Croatian shipping company Atlantska Plovidba [ZSE:ATPL-R-A] said on Tuesday it turned to a consolidated net loss of 6.4 million kuna ($949,590/854,600 euro) in the first nine months of 2019, from a net profit of 4.7 million kuna a year earlier.

Croatia's Atlantska Plovidba turns to cons net loss in Q3
Atlantska Plovidba headquarters; By August Dominus; License: CC BY-SA 3.0, via Wikimedia Commons

The group's total revenue decreased by an annual 5.2% to 261.0 million kuna in the January-September peiod, while total costs decreased to 267.4 million kuna from 270.8 million kuna, Atlantska Plovidba said in a filing with the Zagreb bourse.

Atlantska Plovidba, which employs 212, operated a fleet of 12 vessels with a combined 750,600 DWT at the end of the review period.

The company's total assets stood vat 1.476 billion kuna at the end of September, almost unchanged as compared to the end of 2018.

(1 euro = 7.45587 kuna)

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