Pharmacies Make Net Profit of HRK 279.7mn in 2020

Total Croatia News

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Photo by Nataliya Vaitkevich from Pexels
Photo by Nataliya Vaitkevich from Pexels

The sector’s total revenue and expenses in 2020 rose by 10.9% from 2019, with revenue going up to HRK 8.02 billion and expenses to HRK 7.7 billion.

Profits, which were earned by 93.1% of businesses in the sector, went up by 9.3% to HRK 285.4 million, while losses dropped by 15% to HRK 5.8 million.

The consolidated result in 2020 was a net profit of HRK 279.7 million, which is an increase of 10% from 2019 and the highest profit earned in the period from 2016 to 2020.

In the period from 2016 to 2020 the number of businesses providing pharmacy services dropped by 9.7%, from 403 to 364, while the number of employees rose to 5,751, 5% more than in 2016 and 1.4% more than in 2019.

(€1 = HRK 7.484465

The average net wage in the sector in 2020 amounted to HRK 8,040, 5% more than in 2019 and 34.7% more than the national average in the business sector, which totalled HRK 5,971. Compared with 2016, the average net wage in the pharmacy sector grew by 15.7% in 2020.

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