Croatia's INA reports strong growth in 2013

(Photo: ina.hr)

Croatia's INA Grupa registered a total sales revenue of HRK 13.4 billion in the first half of this year, down 8 percent from the same period last year, whereas its net profit grew strongly, by 310 percent, to HRK 443 million (EUR 59.04 million), the data in INA Grupa's financial report published on the Zagreb Stock Exchange show.

INA points out in this report that their presence in key export markets grew stronger, resulting in more than tripled sales in Slovenia and a 5 percent sales growth in Bosnia-Herzegovina. EBITDA is down 21 percent, at around HRK 1.7 billion, owing to smaller production.

INA also had 132 gas stations renovated under its retail network modernization project, the report reads. INA Grupa operated a network of 444 filling stations at the end of June - 392 in Croatia and 52 abroad (45 in Bosnia-Herzegovina, six in Slovenia, and one in Montenegro).