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Croatia's INA 9-mo cons net profit falls 36%

Oct 28, 2019, 3:00:38 PMArticle by Stefan Radulovikj
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October 28 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] recorded a consolidated net profit of 679 million kuna ($101 million/91 million euro) in the first nine months of 2019, down 36% on the year, it said on Monday.

Croatia's INA 9-mo cons net profit falls 36%
Croatian energy firm INA, Photo: www.hungarytoday.hu

INA's net sales revenue rose by an annual 2% to 16.550 billion kuna in January-September, the company said in an interim financial report filed with the Zagreb Stock Exchange (ZSE).

Hungary's MOL is the biggest shareholder in INA with a 49.08% stake. The Croatian government owns 44.84%, with the remaining 6.08% held by institutional and private investors.

(1 euro = 7.38553 kuna)

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