Adris Group nets HRK 151m in profits

In the first half of 2016, the Adris tourism and insurance group netted HRK 151 million in profits which, despite the sale of its tobacco business, is the same as at the same time in 2015, when net profits were HRK 150 million, the group said on Friday.

Revenues in H1 totalled HRK 2.4 billion.

Management board chairman Ante Vlahovic said all Adris companies operated successfully. "That's the best confirmation that we successfully completed the company's transformation. Over the next three years we plan to invest HRK 4 billion in existing businesses."

Adris plans to invest over HRK 400 million this year, as well as HRK 1.6 billion in its tourist business over the next three years.

The Croatia Osiguranje (CO) insurance group earned HRK 82 million before tax in H1 2016, up 44% on the year. Net profits reached HRK 62 million, an increase of 55%. CO is the leader on the Croatian insurance market with a share of 32.9%, 0.4% bigger than in the previous reporting period.

(EUR 1 = HRK 7.48)

Last update: Fri, 29/07/2016 - 14:02

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