Croatian construction firm Industrogradnja turned to a first-quarter net loss of HRK 0.4mn (EUR 0.1mn) after reporting a HRK 5,460 net profit a year earlier, the company said in a filing with the Zagreb burse. Its total revenues amounted to HRK 5.8mn, down by 58.2% on the year. The total expenses shrank by an annual 55.2% to HRK 6.2mn. Sales revenues became the main contributor for the worsened financial result after dropping by 74% on the year to HRK 2.9mn in Q1. In February, the government decided to settle the HRK 108mn debt of Industrogradnja to the state via taking over one of its buildings. The state would acquire a 15-storey building in downtown Zagreb to settle Industrogradnja's debt to the tax department. Some HRK 30mn of the debt is interest payments since the company has not paid its liabilities on time. |
The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more
Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more
Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more