Zagreb Holding achieved a consolidated profit of 173.6 million kuna in the first half of 2016, while, for comparison, the profit in the same period last year amounted to 279 million kuna, the Holding reported on Friday.
Operating profit (EBIT) for the period from January to June 2016 amounts to 163 million kuna and is lower compared to the same period of the previous year by 102 million kuna, or 38 percent. The consolidated operating revenues of the Holding in the first six months amounted to 2.43 billion kuna and decreased by 3 percent year-on-year. At the same time, operating expenses were 2.27 billion kuna and also decreased by 3 percent.
The assets of the Zagreb Holding Group as of June 30, 2016, amounted to 20.1 billion kuna, which is a decrease of 2 percent compared to December 31, 2015. Total liabilities amounted to 12.36 billion kuna and were 4 percent lower compared to the end of 2015.
The Zagreb Holding Group consists of Zagreb Holding d.o.o. and eight affiliated companies: City Gasworks Zagreb, City Gasworks Zagreb Supply, Water Supply and Drainage, City Housing Utility Economy, AGM, Zagreb Housing Construction, Center, and Zagreb Poster, as well as the institution City Pharmacy Zagreb.
