Air carrier Croatia Airlines reports 24.2% y/y drop in net loss in H1.

By bne IntelliNews August 3, 2011
Air carrier Croatia Airlines reported a 24.2% y/y drop in its net loss, which stood at HRK 99.7mn in Jan-Jun 2011, the company said in a filing to the Zagreb bourse. The total consolidated revenues increased by 5.4% y/y to HRK 718.7mn, while the total consolidated expenditures rose by 0.6% y/y to HRK 818.4mn. Sales revenues were the main driver behind the improved financial results, increasing by 17.9% y/y to HRK 608.7mn.
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