February 21, 2017 / 11:35 AM / in 10 months

BRIEF-Croatia's food group Podravka 2016 sales rise 15 percent

    ZAGREB, Feb 21 (Reuters) - Croatian food group Podravka
         :
    
    * Podravka says its sales in 2016 rose 15.4 percent
year-on-year to 4.19 billion kuna ($592.62 million), driven by
growth in the Baltic region, Russia and the Commonwealth of
Independent States.
    * Net profit last year was 182.4 million kuna, up 54.7
percent without one-off costs relating to the consolidation of
Slovenian food firm Zito and deferred tax returns. If those
one-off costs are included net profit drops 54.1 percent
year-on-year.
    * EBITDA rose 0.2 percent to 469.6 million kuna.
    * Capital investments last year reached 594.2 million kuna,
double that in 2015.

($1 = 7.0703 kuna)

 (Reporting by Igor Ilic, editing by Louise Heavens)
  

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