HEP group nets HRK 859.3 mn in profits in first half of 2019

ZAGREB, Oct 2 (Croatia Sun News) – The HEP power group netted HRK 859.3 million in consolidated profits in the first half of 2019, down 26.7% on the year, according to a newly released consolidated financial statement.

The group’s revenues in H1 2019 stood at HRK 7.99 billion, up 3.2% on the year, while expenditures increased by 9.6% to HRK 6.93 billion.

Operating revenues amounted to HRK 7.8 billion, up 3.6% from H1 2018, while operating expenditures were HRK 6.8 billion, up 10% on the year.

The group’s investments in H1 2019 reached HRK 868.3 million.

Also released was an unconsolidated financial statement for the group’s main company, HEP d.d., which netted HRK 1.29 billion in profits in H1 2019, HRK 525 million more than in H1 2018.

(€1 = HRK 7.4)

(Source: Hina)

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