Croatias Atlantic Grupa decides to retain 2011 profit.

By bne IntelliNews June 21, 2012
Croatias Atlantic Grupa said it decided not to distribute dividends for 2011 but to retain the whole of its HRK 10.4mn (EUR 1.4mn) net profit. The decision was taken at a general meeting on June 20, the company said in a filing with the Zagreb bourse. The company decided that the net profit should be placed in retained profit and reinvested later on on key development projects. Atlantic Grupa has said that for its business 2011 was marked by the integration of Slovenian food company Droga Kolinska into the groups operations as well as by the ensuing restructuring of its operations in order to maximally use the synergies and to manage the entire business processes as efficiently as possible. Atlantic Grupa, which distributes consumer goods across the region, acquired Droga Kolinska in 2010.
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