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Sep 26, 2019 13:43 EEST
September 26 (SeeNews) - Croatian state-run postal operator Hrvatska Posta [ZSE:HP] said its consolidated net profit skyrocketed to 161.5 million kuna ($23.8 million/21.8 million euro) in the first half of 2019, from 33.5 million kuna a year earlier.
The six-month net profit was also 64% higher than planned, the company said in a filing with the Zagreb Stock Exchange (ZSE) on Wednesday.
Total consolidated revenues rose 18% on the year to 937.8 million kuna through June, while total costs fell by an annual 1.9% to 776.3 million kuna, the statement said.
Hrvatksa Posta's earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 143.1 million kuna in the review period, up from 77.8 million kuna in the first half of 2018.
On Monday, Hrvatska Posta opened its new 350 million kuna sorting centre near Velika Gorica, south of Zagreb, thanks to which it is relocating into one place its business operations that were so far dispersed in several locations across the capital city.
(1 euro = 7.40720 kuna)
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