Agrokor Posts Operating Profit of 1.1 Billion Kuna

ZAGREB, September 11, 2018 – The Agrokor food and retail group generated 13.46 billion kuna in revenues in the first seven months of 2018, six percent less than planned, while operating profit was 20.7 million kuna higher than planned, reaching 1.1 billion kuna, the indebted group’s crisis management said in a monthly report.

The report recalled that Agrokor had submitted to the Commercial Court in Zagreb on September 4 a response to 92 appeals against the ruling that upheld the July 6 settlement plan with the creditors.

The Agrokor Group is preparing for the implementation of the settlement plan, the report says.

This extremely complex process includes, among other things, the formation of a new group, the transfer of business to the new group, the finalisation of the legal aspects of the settlement, and it must ensure an unimpeded transfer of business without negative effects on the group’s performance, according to the report.

 

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