Croatias HEP posts 2012 cons pre-tax profit of EUR 9.6mn.

By bne IntelliNews February 14, 2013
Croatian power utility firm Hrvatska Elektroprivreda (HEP) posted a pre-tax profit of HRK 72mn (EUR 9.6mn) in 2012, up by HRK 1mn as compared to a year earlier, news agency HINA reported, quoting the companys CEO Zlatko Koracevic, as saying. Operating incomes reached HRK 13.95bn, up by HRK 795mn compared to 2011, while operating expenditure rose by HRK 866mn to HRK 13.58bn. Koracevic said that the companys business results were affected by long droughts and depleting water resources for hydropower plants. Thus, the company increased the electricity imports, spending HRK 540mn more on purchasing power abroad in 2012.

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