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Croatia's Saponia cons net profit soars in H1

Author Annie Tsoneva
Croatia's Saponia cons net profit soars in H1 Photo: Saponia

ZAGREB (Croatia), October 15 (SeeNews) - Croatian detergent and cosmetics producer Saponia [ZSE:SAPN] said on Friday that its consolidated net profit rose to 30.2 million kuna ($ 4.7 million/4.0 million euro) in the first half of this year, from 12.2 million kuna in the same period of 2020 despite challenges in the supply market where input prices significantly rose.

Operating costs fell 8% to 370.7 million kuna, the company said in a filing to the Zagreb bourse.

Total revenue fell to 406.8 million kuna from 423.8 in the same period of 2020, as operating revenue declined to 403.4 million kuna from 417.2 million kuna.

Consolidated sales outside the group rose to 341.4 million kuna in the period under review, from 336.6 million kuna in the same period of last years backed by the diversified portfolio of Saponia such as detergent and cosmetics product Saponia, chocolate product Kandid and waffle and biscuit product Koestlin.

According to announcements by suppliers, a further rise in the prices of materials and energy could be expected by the end of the year, the company said.

Saponia's shares traded at 830 kuna intraday on Friday, unchanged from the last closing price.

Shares of Koestlin [ZSE:KOES] last traded on September 16, when they surged 6.12% to 520 kuna.

(1 euro = 7.510 kuna)