The textile company Čateks from Čakovec achieved a net profit of 124 thousand kuna in the first nine months, thus operating positively compared to the same period last year when it recorded a loss of 2.72 million kuna.
These are the data from Čateks’s financial report published on the Zagreb Stock Exchange. The management notes in the report commentary that the profit is slightly lower than planned due to reduced business activities in the third quarter, influenced by the collective annual leave and the postponement of some deliveries to the fourth quarter.
Total revenues of Čateks from the beginning of the year to the end of September amounted to 67.84 million kuna, which is 15.8 percent higher than in the same period last year. Revenues from domestic sales amounted to 31.55 million kuna, while revenues from sales abroad were 35.13 million kuna. Domestic revenues increased by 42 percent, while foreign revenues rose by 0.5 percent. The management notes that revenues from textile sales have significantly increased, revenues from confectionery are within planned levels, while revenues from politex are slightly lower than last year’s. Total expenses amounted to 67.72 million kuna, which is an increase of 10.4 percent compared to the first nine months of last year.
Čateks is a company with a long-standing tradition in the textile industry and ranks among the oldest companies in Croatia – it was founded in 1874. Today’s production program consists of the production of artificial leather for furniture upholstery, medical programs, protective clothing, technical materials for special purposes, household linen, and military programs. The largest shareholders are MTČ – a sock factory and the Croatian Privatization Fund. At the end of September, Čateks had 428 employees. (H)
