Hrvatska elektroprivreda (HEP) recorded a net loss of 165.05 million kuna in the first nine months of this year, according to the financial report of HEP Group published on the Zagreb Stock Exchange.
Total revenues of HEP Group in the first nine months increased by 8.55 percent compared to last year, reaching 8.42 billion kuna. Business revenues amounted to 8.3 billion kuna, an increase of 8.63 percent, while financial revenues rose by 2.56 percent to 113 million kuna. Total expenses of HEP Group in the first nine months of this year were 8.58 billion kuna, which is an increase of 11.07 percent compared to the same period last year. Business expenses of 8.36 billion kuna increased by 10.22 percent compared to the first nine months of last year. Material costs increased by 19.7 percent to 5.15 billion kuna. Within these costs, expenditures for raw materials and supplies increased by 22.32 percent to 4.57 billion kuna. At the same time, personnel costs rose by 8.04 percent to 1.34 billion kuna, with wages and salaries reaching 799 million kuna, and taxes, social security, and pension insurance amounting to 546.6 million kuna. (H)
