AD Plastik Group income down 2.4 pct, profit up 4.2 pct

The largest Croatian manufacturer of plastic components for the automotive industry, AD Plastik Group, in the first six months of 2016 generated an income of 515.2 million or 2.42% less than in the same period the year before, while the company's net profit was up 4.2% to HRK 28.1 million, AD Plastik Group said in a press release.

The generated income is in line with the company's business plan, which included problems on one of the company's most important markets -- Russia.

Earnings before interest, taxes, depreciation, and amortisation (EBTDA) in the said period amounted to HRK 775 million, which is 12.7 million kuna more on the year, read the statement issued on Wednesday.

Ad Plastik Group is comprised of AD Plastic Croatia, ADP Serbia, AD Plastik Slovenia, AU AD Plastic, Russia and ZAO AD Plastic Kaluga.

(EUR 1 = HRK 7.47)

Last update: Thu, 28/07/2016 - 14:26

More from Business

Croatian Postal Bank posts record net profit of HRK 147.5 mln

The Croatian Postal Bank (HPB)'s net profit in the first nine months of 2016 was 38.1% higher compared to the same...

Apple earnings down, iPhone sales decline

Apple's latest results, posted Tuesday, showed a drop in revenue and declining iPhone sales.

Adris Group's Jan-Sept net profit HRK 570 mln

In the first nine months of 2016 the Adris Group generated a net profit of HRK 570 million while its total revenue...

Podravka Group posts net profit of HRK 142.2 mn

The Podravka food and pharmaceuticals group generated a net profit of HRK 142.2 million in the first nine months of...

IKEA Croatia increases turnover by 5.8%

IKEA Croatia has generated HRK 567.7 million (without Value Added Tax) in turnover or 72.4 million euro in the 2016 ...