May 10 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] said its consolidated net profit soared to 57 million kuna ($8.6 million/7.7 million euro) in the first quarter of 2019, compared to 6 million kuna a year earlier.
Earnings before interest, tax, depreciation and amortisation [EBITDA] excluding special items, grew 12% on the year to 539 million kuna, while net sales revenue rose 15% to 4.3 billion kuna, the company said in an interim financial statement filed with the Zagreb Stock Exchange (ZSE) last week.
Capital investments increased to 618 million kuna, compared to 196 million kuna in the first quarter of 2018.
INA has exploration and production operations in Croatia, Africa and the Middle East and runs a network of filling stations in its home market and in neighboring countries. Hungary's MOL owns 49.08% of INA and the Croatian government controls 44.84%.
(1 euro = 7.40914 kuna)
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