ACI Marinas Report 33.7 Million Kuna Profit

By 23 October 2019

ZAGREB, October 23, 2019 - In the first nine months of 2019, the Croatian ACI chain of marinas earned a net profit of 33.7 million kuna, 5.7 million or 14.6% less than in the same period of 2018, shows the company's financial report.

Most of the profit, in the amount of 32.5 million kuna, was generated in July, August and September, during the peak tourist season. Compared to the same period of last year, this was a drop of 5.7 million kuna or 14.9%.

The marina operator's revenues in the first nine months totalled 186.4 million kuna, 8.2 million kuna or 5% more year-on-year.

Total expenses, in the amount of 145.3 million kuna, were 15.2 million or 12% higher, with operating expenses increasing by 15.9 million kuna while financial expenses decreased by 700,000 kuna.

The increase in operating expenses was due to the results generated by the Rovinj marina, which was opened in April and recorded negative results, primarily due to depreciation costs amounting to 6.9 million kuna.

On 30 September there were 3,392 vessels moored in ACI marinas on an annual basis, one percent less than in the same period of last year.

The completion of a general renovation of the ACI marina Rovinj was one of the company's more significant investments, costing more than 150 million kuna.

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