Croatian textile company Varteks said its consolidated net loss fell to HRK 15.1mn (EUR 2mn) in the first quarter of 2012 from HRK 16.7mn a year earlier. The company's total revenue fell 25.2% on the year to HRK 65.3mn, while its total expenditures fell 22.6% on the year to HRK 80.4mn, it said in a Zagreb bourse filing. In May, the company said that in 2012 it will continue to follow its objectives, trying to stabilise liquidity, increase revenue, cut operating costs and boost its efficiency. A priority in its business activities until the end of the year will be the maximum utilization and adaptation of its own resources along with the development and implementation of new approaches to sales and market conditions. |
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