In the first quarter of this year, Dukat Group achieved a net profit of 13.5 million kuna, which is 10.6 percent less than in the same period last year, and its revenues decreased by more than 4 percent, the company announced on Wednesday.
At the same time, the operating profit (EBIT) amounted to 18.6 million kuna, down by 13.1 percent.
The group’s business revenues in the first quarter amounted to 757.5 million kuna, a decrease of 4.3 percent compared to the same period last year. Sales revenues also recorded a decline of 4.4 percent, to 741.6 million kuna. Meanwhile, sales revenues in the domestic market, which account for 38.8 percent of total sales revenues, decreased by 12.9 percent, to 288 million kuna. Sales revenues in international markets, which account for 61.2 percent of total sales revenues, increased by 1.9 percent, to 453.6 million kuna. The group’s business expenses during the observed period amounted to 738.8 million kuna, down by 4.1 percent.
– During the first quarter of this year, the external environment was marked by the continuation of unfavorable economic and sectoral trends from previous periods. At the same time, the period was characterized by the continuation of long-term management activities in the area of optimizing business processes and operating costs, as well as increasing efficiency at all levels of business, the business report states.
The value of investments in fixed assets in the first quarter of this year amounted to 17.2 million kuna, with the highest investments made in production facilities in Croatia and a central warehouse in Serbia.
Dukat Group consists of the parent company Dukat Zagreb and 13 affiliated companies based in Croatia, Slovenia, Bosnia and Herzegovina, Serbia, North Macedonia, Kosovo, and Bulgaria.
