Petrokemija Posts H1 Net Profit of HRK 48m

By 30 July 2021
Petrokemija Posts H1 Net Profit of HRK 48m

ZAGREB, 30 July 2021 - Fertiliser manufacturer Petrokemija generated a net profit of HRK 48 million in the first half of 2021, which is 80% less than in the same period of 2020, according to the company's financial statement released on Friday.

Total operating revenue fell by 3.0% to HRK 936 million, with sales revenue declining by 5.0% to HRK 918 million. Operating expenditure increased by 23% to HRK 888 million.

Davor Žmegač, President of the Management Board, said that the results were affected by increased prices of natural gas, higher CO2 emission charges and lower sales, mostly as a result of the planned overhaul early in the year.

Negative effects were partly offset by higher selling prices of mineral fertilisers and the business efficiency measures implemented, Žmegač said.

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