Medjimurje County Enterprises Earn 864.2 Million Kuna in 2020

By 15 October 2021

October the 15th, 2021 - Medjimurje County enterprises earned a fantastic net profit in 2020, despite the utterly dire economic circumstances which engulfed the entire world as a result of the coronavirus pandemic.

As Poslovni Dnevnik writes, Medjimurje County enterprises did excellently during the very challenging year of 2020, making a net profit of 864.2 million kuna, which is an increase of 25.8 percent when compared to pre-pandemic 2019, according to an analysis made by Fina.

In pandemic-dominated 2020, Medjimurje County had of 3,547 enterprises registered there, with 28,768 employees, which is an increase of 467 or 1.7 percent when compared to the previous year. Last year, Medjimurje County enterprises generated total revenues in the amount of 16.2 billion kuna, which is an increase of 0.6 percent when compared to 2019, and their total expenditures fell by 0.5 percent, down to 15.2 billion kuna.

The profit for the period of 1 billion kuna represented a significant increase of 19.7 percent compared to the previous year, while their loss for the same period fell by 5 percent, to 161.7 million kuna. As such, the consolidated financial result is a net profit of 864.2 million kuna in total for Medjimurje County enterprises.

Gross investments in new fixed assets alone increased by 8.3 percent and amounted to 481.5 million kuna, Back in 2020, the exports generated by companies headquartered in Medjimurje County increased by 23 percent, up to 2.6 billion kuna, and the trade surplus amounted to 1.3 billion kuna, marking a more than considerable increase of 66.1 percent.

The average monthly net salary of those working for Medjimurje County enterprises last year amounted to 5,264 kuna, which is 3.3 percent more in terms of take home pay than back in 2019 and 11.8 percent less than the average at the level of employees of such enterprises in the Republic of Croatia, which stood at 5,971 kuna in 2020. The leader in terms of revenue of all companies with their seats registered in this continental Croatian county is Mesna industrija Vajda with 568.5 million kuna.

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