Get the app today! Download iPhone App Download Android App

Croatia's Agrokor Sees First-Half Core Earnings Jump

Published on Aug 14 2018 7:59 AM in Retail tagged: Featured Post / Croatia / Agrokor / Results / Balkans / Paywall

Croatia's Agrokor Sees First-Half Core Earnings Jump

Croatian food producer and retailer Agrokor, which is in the process of being taken over by its creditors, reported a big rise in first-half core earnings, as cost cuts helped to offset lower revenues.

The largest private company in the Balkans with 52,000 staff said earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 70.5% year-on-year to 729.7 million Croatian kuna (€98.3 million).

That was despite a 13.3% drop in non-consolidated revenues to 11 billion kuna (€1.48 billion).

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email