ZAGREB, July 15 (Hina) - Kras, the Zagreb-based producer of confectionery, including cocoa products, biscuits and sugar candies, made a gross profit of 722 million kuna (98.9 million US dollars) in 1998 or seven million kuna more than
in 1997. The net profit of the company was 16.4 million kuna (2.24 million dollars) last year. Shareholders are to decide on the allocation of the realised profit at a general assembly scheduled for 17 July. If shareholders accept a proposal of the Kras management, over 804,000 kuna (over 110 thousand dollars) will be earmarked to the statutory reserves, while 15.28 million kuna (2 million dollars) will be the retained profit. In 1998, Kras manufactured 22,269 tonnes of confectionery, and the production was higher by 2.5 percent than in 1997. The part of Kras in the total confectionery production in Croatia rose by 0.6 percent to 49.7 percent last year. In 1998,
ZAGREB, July 15 (Hina) - Kras, the Zagreb-based producer of
confectionery, including cocoa products, biscuits and sugar
candies, made a gross profit of 722 million kuna (98.9 million US
dollars) in 1998 or seven million kuna more than in 1997. The net
profit of the company was 16.4 million kuna (2.24 million dollars)
last year.
Shareholders are to decide on the allocation of the realised profit
at a general assembly scheduled for 17 July.
If shareholders accept a proposal of the Kras management, over
804,000 kuna (over 110 thousand dollars) will be earmarked to the
statutory reserves, while 15.28 million kuna (2 million dollars)
will be the retained profit.
In 1998, Kras manufactured 22,269 tonnes of confectionery, and the
production was higher by 2.5 percent than in 1997. The part of Kras
in the total confectionery production in Croatia rose by 0.6
percent to 49.7 percent last year.
In 1998, the company sold a total of 21,856 tonnes of sweets, and of
it, 15,937 tonnes were sold on the Croatian market.
Kras sold 5,919 tonnes of its products in foreign countries such as
Slovenia, Bosnia-Herzegovina, Macedonia, the rest of Europe, the
United States, Canada, Australia, Russia and the Near East.
(hina) jn ms