Croatian forest management company posts profit of EUR24.8M

The state-run forest management company "Hrvatske Sume" posted a net profit of HRK 186.4 million in 2015, when its pre-tax profit totalled HRK 235.2 million.

"The trend of an increase in our profit has been continuing since 2012,"  the company stated in a press release on Tuesday.

Last year, the company's total revenues came to HRK 2.085 billion, down by 1% from 2014, but they were by 7% higher than planned.

The 2015 expenditures  went down by 6% to HRK 1.85 billion.

Forests are on 2,688,687 hectares, which is 47% of Croatia's land. The state ownership of those resources is 78% and private 22%.

(EUR 1 = HRK 7.5)

Last update: Thu, 23/06/2016 - 19:22

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