ZAGREB, Sept 27 (Hina) - The net profit of Croatia's leading food-processing company 'Podravka Group' climbed by 21 percent to 21.4 million kuna in the first half of 2000 as against the same period last year. In the first six months
of this year, the value of the sale was over 1.164 billion kuna, with a five-percent increase. The sale on Croatia's market rose by six percent, and abroad by four percent, the Podravka management told a news conference on Wednesday. The strategic guidelines of this Koprivnica-based company are the annual average growth of 10 percent with a substantial rise in the sale on the European Union market besides the sale in central and eastern European countries, the management's chairman Darko Marinac said. He added that the production had begun in a new plant in Koprivnica (northern Croatia), and in Koprivnica's plant in Poland, which would officially
ZAGREB, Sept 27 (Hina) - The net profit of Croatia's leading food-
processing company 'Podravka Group' climbed by 21 percent to 21.4
million kuna in the first half of 2000 as against the same period
last year.
In the first six months of this year, the value of the sale was over
1.164 billion kuna, with a five-percent increase. The sale on
Croatia's market rose by six percent, and abroad by four percent,
the Podravka management told a news conference on Wednesday.
The strategic guidelines of this Koprivnica-based company are the
annual average growth of 10 percent with a substantial rise in the
sale on the European Union market besides the sale in central and
eastern European countries, the management's chairman Darko
Marinac said.
He added that the production had begun in a new plant in Koprivnica
(northern Croatia), and in Koprivnica's plant in Poland, which
would officially be opened on 28 October.
Podravka has not abandoned plans to enter foreign stock exchanges,
but prior to the entry, expected for next year, it is necessary to
complete the firm's restructuring, Marinac told reporters.
(US dollar is approximately 8.4 kuna)
(hina) jn ms