The Supervisory Board of Petrokemija d.d. discussed and adopted the audited annual financial statements of Petrokemija d.d. and Petrokemija Group for the year 2019, which have been published today on the websites of the Zagreb Stock Exchange and Petrokemija. Last year, the company generated a net profit of HRK 140 million, compared to HRK 471 million of net loss generated in 2018.
Comparing the results without non-recurring items, the net profit in 2019 amounts to HRK 209 million, compared to the net loss of HRK 359 million in 2018. Non-recurring items indicate a negative effect of the value adjustment of liabilities for CO2 emission charges, as well as the cost of severance pay.
Due to increased production, higher volume of sales in more profitable markets and lower price of natural gas in the European market, Petrokemija d.d. has achieved one of the best results in the history of the company. There were no significant changes in fertilizer prices compared to 2018.