Petrokemija Posts H1 Net Profit of HRK 48m

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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