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Adris Group generates 1.22 bln kuna in revenue in year's first half

ZAGREB, Aug 8 (Hina) - The tourism and tobacco company Adris Groupgenerated 1.22 billion kuna in revenue in this year's first six monthsand 365 million kuna in pre-tax profit, one of the largest companiesin Croatia said in a press release on Monday.
ZAGREB, Aug 8 (Hina) - The tourism and tobacco company Adris Group generated 1.22 billion kuna in revenue in this year's first six months and 365 million kuna in pre-tax profit, one of the largest companies in Croatia said in a press release on Monday.

Operational revenue amounted to 1.16 billion kuna, up 2.3 per cent from the first six months of 2004.

The Adris Group generated 944 million kuna in revenue from tobacco, an increase of 2.5 per cent, and 358 million kuna in operational profit.

The company said that construction on a new factory in Kanfanar worth more than EUR100 million was proceeding as planned, and that relocation would start on 5 September this year and end on 30 June 2006.

Revenue generated from tourism was 179.9 million kuna, up 1.4 per cent from the first half of 2004.

This year 300 million kuna will be invested in view of improving the tourist offer.

(EUR1 = 7.3 kuna)

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