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Croatia's Zvecevo turns to non-cons net profit in Q1

ZAGREB (Croatia), April 27 (SeeNews) - Croatian alcoholic drinks and confectionery maker Zvecevo [ZSE:ZVCV-R-A] posted a first-quarter net profit of 496,500 kuna ($70,700/65,400 euro), after booking a net loss of 3.2 million kuna in the like period a year earlier.

First-quarter operating profit stood at 1.8 million kuna, compared to an operating loss of 1.9 million kuna a year earlier, the company said in a bourse filing on Friday. Pre-tax profit in the three months through March stood at 496,536 kuna versus a pre-tax loss of 3.2 million kuna in the first quarter of 2014.

Zvecevo's total revenue jumped to 35.6 million kuna in the first quarter of 2015 from 27.8 million kuna a year earlier.

Total assets amounted to 388.2 million kuna at the end of March, down from 405.7 million kuna a year earlier.

According to latest available figures, Zvecevo's share capital was unchanged at 76.5 million kuna. Its total liabilities decreased to 285 million kuna from 302 million kuna a year earlier.

  Q1 2015 (in mln kuna) Y/Y Change (%) Q1 2014 (in mln kuna)
Net profit/loss 0.497   -3.228
Pre-tax profit/loss 0.497   -3.228
Operating profit/loss 1.829   -1.872
Total revenue 35.553 28% 27.766
Total assets 388.226 -4.3% 405.663
Cash and cash equivalents 0.242 -78% 1.084
Share capital 76.474 0.0% 76.474
Total liabilities 285.016 -5.75% 302.408

(1 euro = 7.5886 Croatian kuna)

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