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Croatia's M San Grupa net profit shrinks in 2022

Mar 17, 2023, 5:32:34 PMArticle by Annie Tsoneva
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March 17 (SeeNews) - Croatian IT equipment and consumer electronics distributor and producer M San Grupa [ZSE:3MSA] said on Friday its consolidated net profit after minorities fell to 7.2 million kuna ($1.0 million/956,000 euro) last year, from 46.7 million kuna in 2021.

Croatia's M San Grupa net profit shrinks in 2022
M San Grupa. Source: M San Grupa

Operating revenue rose to 3.246 billion kuna from 2.715 billion kuna, while operating costs increased to 3.213 billion kuna from 2.642 billion kuna, the company said in an unaudited financial statement.

Total revenue expanded to 3.285 billion kuna in 2022 from 2.729 billion kuna in the prior year, while total costs surged to 3.268 billion kuna from 2.677 billion kuna.

In 2021, M San Grupa issued a debut corporate bond [ZSE:3MSA] in the amount of 200 million kuna, which is listed on the Zagreb Stock Exchange.

($ = 0.940 euro)

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