The food product manufacturer with a leading market share in the categories of coffee, coffee substitutes, teas, chips, flips, peanuts, the company Franck, achieved a net profit of 38.04 million kuna in the first nine months of this year, which is a decrease of 13.6 percent compared to the same period last year.
The reason for the profit reduction, as noted in the explanation of the business results published on the Zagreb Stock Exchange, is that last year there was a significant impact from income generated from the sale of financial assets. At the same time, it is noted that the business results were achieved according to plan. Franck’s total revenues in the first nine months of this year amounted to 394.03 million kuna, an increase of 3.3 percent. Business revenues rose from 354.9 million kuna in the nine months last year to 378.18 million kuna in the first nine months of this year.
Sales revenues in the domestic market also recorded growth, by 3.3 percent, to 322.5 million kuna, and revenues from sales abroad increased by 16.6 percent, to 43.18 million kuna. Financial revenues, on the other hand, decreased from 18.4 million kuna to 15.8 million kuna. In the first nine months of this year, Franck’s total expenses amounted to 343.05 million kuna, an increase of 6.2 percent. The explanation of the business results states that operational and other costs are within planned limits. Material costs and costs of goods sold increased by 13.1 percent, to 188.01 million kuna, while depreciation costs decreased from 18.5 million kuna to 16.7 million kuna, and personnel costs decreased from 55.7 million kuna to 54.5 million kuna. (H)
