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Retail

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).

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