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Croatia's LRH boosts net profit 41% in Jan-Sept

Nov 2, 2023, 2:03:45 PMArticle by Annie Tsoneva
share
November 2 (SeeNews) - Croatian hotel operator Liburnia Riviera Hoteli [ZSE:LRH] said it closed the first nine months of 2023 with a net profit of 7.2 million euro ($7.7 million), up from a net profit of 5.1 million euro in the same period of 2022.

Croatia's LRH boosts net profit 41% in Jan-Sept
Photo: All Rights Reserved

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 2.0% year-on-year to 15.8 million euro in the first nine months of 2023, LRH said in a non-consolidated unaudited financial report on Tuesday.

EBIT increased 40% to 7.1 million euro.

The company’s revenue rose 15% on the year to 49.1 million euro in the review period. Operating costs surged 24% year-on-year to 33.2 million euro.

LRH's shares last traded on October 26 on the Zagreb bourse, ending 0.64% higher at 316 euro.

($ = 0.940 euro)

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