ZAGREB, July 12 (Hina) - The Croatian Oil Company, INA, which realised the U.S. $1.2 billion gross revenue in 1998, is the first on the list of Croatian companies according to the pre-tax total profits. The pharmaceutical company,
Pliva, is the leading on the list drawn up according to the net profit after the taxation. Pliva recorded 86 million US dollars of the net profit last year.
ZAGREB, July 12 (Hina) - The Croatian Oil Company, INA, which
realised the U.S. $1.2 billion gross revenue in 1998, is the first
on the list of Croatian companies according to the pre-tax total
profits.
The pharmaceutical company, Pliva, is the leading on the list drawn
up according to the net profit after the taxation. Pliva recorded 86
million US dollars of the net profit last year.#L#
Four hundred biggest Croatian firms made together the total gross
profit of $16.6 billion last year or 2.06 percent less than in
1997.
These incomes are 45.9 percent of the incomes made by 62,000 firms
registered in the Payment Operations Institute (ZAP), released the
"Privredni vjesnik" gazette in cooperation with ZAP in a special
report entitled "400 Biggest".
The observed group of the 400 biggest firms realised 428.4 million
net profit or 26.4 percent less than in 1997.
With respect to the total number of employees in Croatia, these 400
companies employed 37.4 percent (or 267.600 workers) or 4.4. less
versus 1997.
They hold 61 percent (US 16.9 billion) of the total capital and
reserves. The value of the balance ($27.4 billion) was larger by a
half than such value of all Croatian entrepreneurs.
Out of these 400 firms, 146 deal with trade, 143 are in the
processing industry. Just 7.25 percent are in the construction
sector, and six percent of them are in the transportation, storage
and communications businesses.
Out of these 400 companies, 228 are privately-owned, or 12 more than
in 1997. These privately-owned firms employed 26.8 percent workers
and realised 41.3 percent of the gross profit and 40.1 percent of
the net profit.
On the list of the first ten firms according to the net profit, Pliva
is followed by the Croatian Post and Telecommunications (HPT), the
Rovinj-based tobacco factory, INA, Zagreb-based brewery, the
Virovitica-based Virzinija, Franck, Podravka, the Karlovac-based
brewery and the Holding of the Zagrebacka bank.
ZAP received statistical reports by 62,050 legal entities. About
20,000 entrepreneurs have not fulfilled this obligations, and most
of them are small businesses.
Of the total number of legal entities, most of them 59,718, are
small businesses, the medium-sized are 1,784, while 548 are big
companies. Even 46 percent or 28,548 of them are traders, and 41.9
percent of them have been registered in Zagreb and Zagreb County.
According to the gazette and ZAP, the basic characteristic of
businesses in Croatia last year were bigger current losses than
profits. Losses amounted to $1.6 billion or 33.8 percent more than
in 1997, while the profit was down by 17.4 percent to some $922
million.
(hina) jn ms