August 30 (SeeNews) - Croatian alcoholic drinks and confectionery producer Zvecevo [ZSE:ZVCV-R-A] said it will use its 2018 net profit to cover accumulated loss from previous years.
The shareholders of Zvecevo decided at a meeting on August 29 to use last year's profit to cover part of the accumulated loss, the company said in a filing to the Zagreb Stock Exchange (SASE) on Thursday.
Last year, the company swung to a net profit of 6.9 million kuna ($1.0 million/931,903 euro), from a loss of 33.9 million kuna in 2017.
Zvecevo's accumulated loss totalled 108.3 million kuna at the end of 2018.
(1 euro = 7.40421 kuna)