ZAGREB, November 2, 2020 – Deputies in the Zagreb City Assembly on Monday adopted reports on the business results of the Zagreb Holding multi-utility conglomerate, the Zagreb Trade Fair Centre and the ZET city transportation company, showing that all three companies operated at a loss in the first half of the year.
Opposition deputies, who participated in the assembly’s session that was held online, either voted against or abstained from voting on the companies’ semi-annual reports. None of the deputies wanted to participate in a debate on the reports.
In the period from January to June, Zagreb Holding earned HRK 854 million in revenue while its expenditure totalled around HRK 970 million, which resulted in a pre-tax loss of some HRK 116 million.
ZET’s revenue amounted to HRK 569 million while its expenditure totalled around HRK 581 million, resulting in a loss of HRK 12 million.
The Zagreb Trade Fair Centre’s revenue totalled HRK 23 million and expenditures around HRK 29 million, which is a loss of six million, seven times more than in the same period of 2019 when the loss amounted to HRK 857,406.
The Assembly also adopted business reports of the Zagreb Innovation Centre and the Zagreb Waste Management Centre, which show that the two companies did not incur any losses.