INA generates highest revenue among Croatian enterprises in 2019, HEP highest profit

INA in Zagreb

ZAGREB, July 4 (Hina) – The INA oil company generated the highest revenue (HRK 21.6 billion) among Croatian enterprises in 2019, the HEP power company generated the highest profit (HRK 1.1 bn) and the Konzum retail chain had the highest number of employees (9,362), according to a preliminary analysis by the FINA financial agency.

FINA processed annual financial statements submitted by June 30 by 131,701 enterprises that pay profit tax, excluding banks, insurance companies and other financial institutions.

The preliminary analysis (not all statements have been processed) shows that last year enterprises generated nearly HRK 790 billion in consolidated revenues, up 7.9% on 2018, while expenditures reached nearly HRK 752 billion, up 8.1%.

Profits totalled HRK 48.5 billion and were generated by 88,006 enterprises, while losses stood at HRK 18.6 billion and were reported by 43,695 enterprises.

Net profits totalled HRK 29.9 billion and were 1.9% higher than in 2018.

The enterprises whose statements have been processed had 958,430 employees in 2019, up 4.8% on the year. Their average net salary was HRK 5,765, up 3% on the year.

Export revenues were generated by 18,991 enterprises, totalling HRK 124.6 billion, up 6.2% from 2018, while imports totalled HRK 121.5 billion. The trade deficit was HRK 3.2 billion.

Last year enterprises invested HRK 22.3 billion in long-term assets, up 14% from 2018.