Croatian bakery Mlinar says 2011 net profit jumps to EUR 500,000.

By bne IntelliNews March 9, 2012
Croatian bakery Mlinar reported its net profit more than doubled to HRK 4.3mn (EUR 0.5mn) last year from HRK 1.76mn in 2010. The company said in a filing with the Zagreb burse that its total non-consolidated revenue rose by 33.1% on the year to HRK 263.1mn in 2011, mainly due to sales higher revenue, which rose by 30.6% to HRK 247mn. The total non-consolidated expenditures increased by 32.1% on the year to HRK 258.8mn.
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