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Croatia Airlines doubles profit in relation to last year

ZAGREB, Aug 13(Hina) - In the first half of 2005 the profits of CroatiaAirlines Group (CA) almost doubled in relation to the same period lastyear, rising from 22.85 million kuna to 44.86 million, reads afinancial report of CA Group carried by the Zagreb Stock Exchange.
ZAGREB, Aug 13(Hina) - In the first half of 2005 the profits of Croatia Airlines Group (CA) almost doubled in relation to the same period last year, rising from 22.85 million kuna to 44.86 million, reads a financial report of CA Group carried by the Zagreb Stock Exchange.

The overall revenue of the national airline increased 9.08 percent in relation to the first six months of last year, from 669.32 million to 730.14 million. The company's management says the increase in profits is the result of a higher operational revenue growth rate, a lower cost growth rate and lower financial expenses. Operational revenue in the first half of this year rose by 10.66 percent in relation to the same period last year.

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