Zagreb’s Ingra achieved a pre-tax profit of 57.7 million kuna in the period from the beginning of this year to the end of September, which is 21 percent higher compared to the business results in the same period last year, while the company’s net profit simultaneously increased by 12 percent, to 53.14 million kuna.
According to data from the financial report published on the Zagreb Stock Exchange and the accompanying press release, Ingra achieved 70 percent higher revenues in the first nine months of this year compared to the same period last year, amounting to 455.9 million kuna, and the growth in operating income is in line with the continuous increase in the realization of investment projects. Revenues that Ingra generated in the domestic market increased from last year’s approximately 80 million kuna to over 323 million kuna, while revenues generated in foreign markets recorded a decline of 45 percent, to 89.2 million kuna.
Ingra’s stock today at noon on the Zagreb Stock Exchange was recorded at 56,000 kuna
Ingra explains this with the announced investment cycle based on which the current realization is most reflected in the high operational engagement in domestic investment projects where the company appears both as a contractor and as an investor, primarily in investment projects for residential-commercial construction intended for the market, road construction, energy projects, and consulting services. Ingra’s total expenses in the first nine months of this year amount to 398.2 million kuna, or 81.5 percent higher than last year, and Ingra states that these primarily relate to the services of subcontractors on investment projects, “which is expected given the intensified investment activities of the company.”
