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Croatia's SPAN Group trebles net profit in H1

Author Annie Tsoneva
Croatia's SPAN Group trebles net profit in H1 Croatia's Span. Photo by Span.

ZAGREB (Croatia), July 29 (SeeNews) - Croatian IT company Span [ZSE:SPAN] Group said on Friday its consolidated net profit rose 230% on the year to 24.5 million kuna ($3.33 million/3.26 million euro) in the first half of 2022.

Operating revenue increased 4% year-on-year to 406.9 million kuna, the company said in a press release.

Export revenue made up 74% of Span's total revenue in the first six months of this year.

EBITDA before one-off items soared 101% to 35.7 million kuna, whereas EBITDA after one-off items surged 113% to 32.7 million kuna.

The company's shares traded 2.28% lower at 257 kuna intraday on Friday, Zagreb bourse data showed.

(1 euro = 7.519 kuna)