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Three units of Croatia's Agrokor post 9-mo cons net loss, three report profits

Three units of Croatia's Agrokor post 9-mo cons net loss, three report profits Author: Agrokor. License: All rights reserved.

ZAGREB (Croatia), December 1 (SeeNews) - Three of the listed members of Croatia's ailing concern Agrokor reported consolidated net losses in the first nine months of 2017, while as many posted a net profit, according to preliminary data.

News stand operator Tisak [ZSE:TISK] recorded a net loss of 103.2 million kuna ($16.2 million/13.7 million euro) in the nine months ended September 30, up sharply from a loss of 10.6 million kuna in the prior-year period, the company said in an interim financial report filed with the Zagreb Stock Exchange (ZSE) late on Thursday.

Edible oil, mayonnaise and margarine producer Zvijezda [ZSE:ZVZD] followed with a consolidated net loss of 63.4 million kuna, while meat processing company PIK-Vinkovci [ZSE:PIVK] posted a slim loss of 5.9 million kuna.

Soft drinks and water bottling company Jamnica [ZSE:JMNC], ice cream and frozen food company Ledo [ZSE:LEDO] and food company Belje [ZSE:BLJE] all reported a net profit in the first nine months of the year.

Agricultural conglomerate Vupik [ZSE:VPIK] and wholesaler Zitnjak  [ZSE:ZTNJ] did not post consolidated nine-month results. According to non-consolidated data, Vupik turned to a net profit of 9.0 million kuna in the review period, from a loss of 26.6 million kuna last year. Zitnjak, on the other hand, saw its net profit drop slightly to 1.5 million kuna from 1.9 million kuna.

Consolidated details follow (in mlns of kuna):

  Net profit/loss Jan-Sept'17 Net profit/loss Jan-Sept'16 Total revenue'17 Total revenue'16
Ledo 304.7 336.4 1,849.7 1,926.2
Jamnica 233.3 306.1 2,145.4 2,176.4
Belje 44.9 -36.3 1,063.3 1,200.3
Tisak -103.2 -10.6 1,592.3 2,139.6
PIK Vinkovci -5.9 -3.8 277.7 381.8
Zvijezda -63.4 34.5 569.1 667.3

(1 euro=7.55552 kuna)

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