The textile trading company Lantea d.d. has increased its share capital by issuing 8,400 new ordinary shares, each with a nominal value of 100 kuna, as stated in a notice from Lantea published on the Zagreb Stock Exchange. Thus, Lantea’s share capital has increased by 840 thousand kuna, from approximately 66.43 million kuna to approximately 67.27 million kuna.
The share capital is divided into 672,671 ordinary shares with a nominal value of 100 kuna each. The Central Depository Agency has also registered the change of the company name to Lantea Group, joint-stock company for retail trade in textile products, as reported by Lantea. According to data from the financial report published on the Zagreb Stock Exchange, Lantea recorded a loss of 3.57 million kuna in the first half of this year, while in the same period last year it had a profit of 1.54 million kuna. The loss, according to the Management’s explanation, is a result of increased material costs and personnel costs, as well as the restructuring of the retail network. During the past year, Lantea, which is majority-owned by Tekstilpromet, took over part of Tekstilpromet’s retail network, the restructuring of which is a very demanding cost process. According to the report, Lantea’s total revenues in the first half of the year increased by 28.32 percent, to 224.3 million kuna, while total expenses, primarily due to the costs of restructuring the acquired retail network, grew somewhat faster, by 31.52 percent, to 227.87 million kuna. (Hina)
