The Agram Group achieved a total revenue of 4.05 billion kuna in 2008, according to unaudited data, marking a growth of 12.9 percent compared to 2007 – it was announced on Wednesday from the Group.
Based on these results, Agram expects to achieve total revenue of over 4.5 billion kuna in 2009, despite the economic crisis and very uncertain market conditions. In addition to the growth of total revenue, the Group also recorded an increase in the total gross profit of all members, which for the past year amounts to 245.1 million kuna, representing an increase of 16.1 percent compared to 2007. The largest portion of the Group’s revenue was generated by the Financial Group, with total revenue of 3.28 billion kuna, which represents an increase of 14.8 percent compared to the previous year, while the Corporate Group achieved total revenue of 770.0 million kuna, and a growth of six percent. The largest individual profit of 74.5 million kuna was achieved by Euroherc Insurance, with revenue of 1.2 billion kuna, followed by Adriatic Insurance with 746.1 million kuna. In total, all insurance companies within the Group achieved total revenue of 2.77 billion kuna, which represents an increase of almost 13 percent compared to 2007. The highest revenue growth index in 2008 within the Agram Group, with an index of 145.5, was expectedly achieved by the company Poliklinika Sunce. (T.B.)
