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Podravka Group's profit totals 47.5 million kuna in first half of 2005

ZAGREB, Aug 3 (Hina) - The leading Croatian food company 'PodravkaGroup' realised a net profit of 47.5 million kuna in the first sixmonths this year, which was by ten percent less than the profit in thefirst half of 2004, the Podravka company reported on Tuesday.
ZAGREB, Aug 3 (Hina) - The leading Croatian food company 'Podravka Group' realised a net profit of 47.5 million kuna in the first six months this year, which was by ten percent less than the profit in the first half of 2004, the Podravka company reported on Tuesday.

The total income in the first half of this year rose by one percent to 1.64 billion kuna.

The income from the sale, which accounted for 97 percent of the total income, also rose by one percent to 1.59 billion kuna as against the first half of 2004.

The income from the sales on the Croatian market totalled 851.7 million kuna, with the income from the foreign market sales coming to 738.2 million kuna.

The expenditure in the first half of 2005 totalled 1.58 billion kuna, which was at the same level as in the first six months of 2004.

The company reports that the financial statements of the Podravka Group were affected by changes in the internal book-keeping practice and changes in the international standards for financial statements.

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