Corporate news

HRK 11.1 million profit for the first quarter

Yesterday, Petrokemija Supervisory Board reviewed the Company's financial results for the first quarter of 2017. In that period Petrokemija, Plc. realized total revenues of HRK 618 million, total expenditures of HRK 606.9 million, and reported operating profit of HRK 11.1 million or 1.8 percent of the total revenues. 

In the same period last year, the loss amounted to HRK 6.6 million, which indicates a positive development in the business of HRK 17.7 million. This is the first positive financial result reported for the first quarter of the year since 2011.In the first three months of 2017 Petrokemija produced 307,000 tons of mineral fertilizers, 14 percent more than in the same period last year. The sales volumes were 327,000 tons of fertilizers, 29.1 percent more than in the first three months of 2016, which is the highest sales in the first quarter of the last five years. The share of mineral fertilizer sales on the domestic market is 31 percent.

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