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Croatia's CIAK Grupa cons gross profit down 28% y/y in H1

Author Annie Tsoneva
Croatia's CIAK Grupa cons gross profit down 28% y/y in H1 Author: ACEA. License: All rights reserved.

ZAGREB (Croatia), August 4 (SeeNews) - Croatian distributor of car parts and accessories CIAK Grupa [ZSE:CIAK] said its gross profit fell 28% on the year to 10.5 million kuna ($1.4 million/ 1.4 million euro) in the first half of 2022.

Consolidated sales revenue rose 39% on the year to 771 million kuna in the first six months of 2022, CIAK said in a filing to the Zagreb bourse last week.

EBITDA rose 15% on the year to 46.6 million kuna, while capital expenditure fell 53% to 40 million kuna in the period under review.

The main line of business of CIAK is distribution of car parts, car batteries and motor oils, waste management and recycling, and wholesale trade.

CIAK's shares last traded on July 8 on the Zagreb Stock Exchange, down 0.45% at 43.80 kuna, bourse data showed.

(1 euro = 7.513 kuna)

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