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Croatia's Podravka profit up as restructuring bears fruit
date:Feb 12, 2014
longed recession, with higher sales abroad, particularly in the former Yugoslavia.

Podravka's sales in 2013 were 3.67 billion kuna ($654.6 million), virtually unchanged from 2012, while its net profit reached 66.6 million kuna against a net loss of 14.1 million kuna a year before.

Croatia, which became an EU member last July, has suffered five recession years in a row, with consumer spending steadily shrinking.

Podravka has food and pharmaceutical arms, while its beverage segment is slated fo

12/24 00:44