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Atlantic Group's sales in first half of 2005 amount to 431 million kuna

ZAGREB, Aug 9 (Hina) - In the first six months of 2005 the sales ofAtlantic Group amounted to 431 million kuna, a 17 percent increase inrelation to the same period last year, with net profits amounting to32.3 million kuna, company officials reported on Tuesday.
ZAGREB, Aug 9 (Hina) - In the first six months of 2005 the sales of Atlantic Group amounted to 431 million kuna, a 17 percent increase in relation to the same period last year, with net profits amounting to 32.3 million kuna, company officials reported on Tuesday.

Domestic sales went up by 13 percent, while exports grew by 61 percent - mostly the result of the sale of vitamin powder drinks, food supplements and teas, company officials said.

Operating costs in the said period increased by 10 percent, with marketing and labour costs accounting for 74 percent and 18 percent of the increase respectively.

The company has estimated this year's organic growth at 17 percent, while annual growth is projected at more than 60 percent, after the financial data of the German company Haleko, taken over recently by Atlantic Group, are financially consolidated.

The expected results also include the sale of Hipp products on the Slovene market.

Atlantic Group, a dealer of a number of trade marks, is present in more than 30,000 outlets throughout Croatia, Slovenia, Serbia and Montenegro, and Bosnia-Herzegovina.

(1 EUR = 7.33 kuna)

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