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Press Release: Adris Group: Investment cycle continues

Date of release: 30.4.2009.

 

                                               
Adris Group: Investment cycle continues
 
 
Operating profit amounts to HRK 136 million, up 5.1 percent compared to the prior reporting period. Profit before tax reached HRK 142 million, posting a rise of 6.6 percent compared to Q1 last year.
 
Rovinj, 30 April 2009 – Adris grupa posted total income of HRK 718 million in the first quarter this year, recording an increase of 12.6 percent year-on-year. Operating income also grew by 6.8 percent. Operating profit amounted to HRK 136 million, up by 5.1 percent compared to the prior reporting period. Profit before tax amounted to HRK 142 million, posting an increase of 6.6 percent compared to Q1 2008.
 
In the first quarter this year, the results of the fish farming and processing companies Cenmar, Marimirna, Marikultura Istra, Bisage – Nit were included in the consolidated performance indicators.
 
In the current reporting period, cigarette operations recorded a two-percent increase in the sales volumes of its own brands, and a six-percent rise in the regional market.
 
Investment cycle in the Group’s tourist sector, launched in 2005, continued and almost HRK 500 million is planned to be invested in 2009. Maistra opened its first five-star hotel Monte Mulini in Rovinj – Vrsar destination in March 2009. Considering the present economic situation in the major emitting markets, the current booking shows satisfactory indicators.
 
In March this year, Adris grupa d.d. has acquired a 51-percent stake in Opresa d.d., Bosnia and Herzegovina’s biggest kiosk chain.

 

 

 

Media Contact:

Predrag Grubić
Tel.: 385 (0)52 801 122, 385 (0)52 801 115
Fax.: 385 (0)52 813 587
E-mail: predrag.grubic@adris.hr

 

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