The report covers figures on business operations of 69 companies in which the state holds an interest raging between 22.3 percent and 100 percent, Finance Ministry official Kresimir Dragic said.
Dragic went on to say that the government's austerity measures and other steps made economies of HRK 1.8 billion in 21 public company.
According to the report, the profit of companies covered by the report totalled HRK 1.024 billion at the end of 2009, rising by 8 percent from 2008. The total loss rose 35 percent to HRK 4.481 billion at the end of 2009.
"A large part of the loss stems from the shipbuilding sector and from impossibility to privatise hotel companies," Dragic said adding that the global financial and economic crisis also badly affected the performance of all companies in Croatia.