Adris Group posts 15% increase in revenue, 17% increase in profit

NEWS 28.10.202220:16 0 komentara
Image by Photo Mix from Pixabay

Adris Group on Friday reported HRK 5.2 billion in total revenues for the first nine months of 2022, which is an increase of 15% on the same period in 2021, while net profit rose by 17% to HRK 705 million.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) was HRK 1.17 billion, up by 10%, and revenues from the sales of goods and services increased by 18% to HRK 4.93 billion.

The group’s Tourism division generated a net profit of HRK 463 million, which is 29% more than in the first nine months of 2021 and 4% less than in the record-breaking year 2019.

The Croatia Osiguranje insurance company, a member of the group, generated a consolidated net profit of HRK 322 million, which is an increase of 1%. Consolidated gross premiums written totalled HRK 2.97 billion, which is 9% more than in the first nine months of 2021.

The Cromaris fish processing company netted HRK 16 million in profit. Its sales revenues increased by 28% to HRK 579 million, while EBITDA was HRK 65 million, up 25%.

(€1 = HRK 7.5)

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