Croatia's HZ Cargo end-July liabilities top 1.0 bln kuna (134 mln euro) – media

The CEO of the company said it could go into bankruptcy within two months if it fails to secure additional funds, news daily Vecernji List (www.vecernji.hr) reported on Thursday.

The short-term liabilities of the company amount to 595.6 million kuna, while its long-term liabilities add up to 430.9 million kuna.

The company’s total revenues amounted to 491 million kuna in the first seven months of 2012, down 8.5% from the same period a year earlier, while its loss through July stood at 91 million kuna, Vecernji List said.

HZ Cargo is a unit of the state-owned railway group HZ Holding.

(1 euro = 7.48 Croatian kuna)