In the first six months of 2013, INA Group achieved positive results both in operating profit and net profit, amounting to 610 million kuna and 443 million kuna, respectively, the company reported.
-This result was largely driven by improvements in efficiency, particularly in managing the costs of materials and services, energy, and optimizing revenues. Although the economic environment remained challenging, thanks to continuous improvements over the previous quarters, EBITDA of INA Group in the first half of 2013 amounted to over 1.75 billion kuna, said INA.
INA Group’s revenues in key markets, which are also the main sources of revenue, amount to 13.4 billion kuna.
As they explain, the presence in key export markets has been strengthened, with sales in Slovenia more than tripling and a 5% sales growth achieved in Bosnia and Herzegovina, while simultaneously maintaining a leading position in the domestic market.
Capital investments in the first half of 2013 increased by 23% year-on-year, reaching 500 million kuna, particularly driven by higher investments in the second quarter as a result of accelerated activities across all business segments.
Commenting on the financial results, INA’s CEO Zoltán Áldott reminded that the economic environment for INA Group remained challenging during the first half of 2013, and the use of internal improvements continues to be imperative to maintain a stable positive result. He added that investments in the first six months of 2013 increased by 23% compared to the same period in 2012, reaching 500 million kuna.
