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CRAL-R-A - Croatia Airlines Dd News Story

HRK140 0.0  0.0%

Last Trade - 28/06/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £190.5m
Position in Universe th / 640

BRIEF-Croatia Airlines posts $12.6 mln net loss in 2018

Fri 1st March, 2019 11:43am
ZAGREB, March 1 (Reuters) - Croatia's flag carrier Croatia
Airlines (CA)  HRAR.ZA  says:
    
    * Its 2018 revenues rose by 4 percent to 1.7 billion kuna 
($260 million), while its business expenditures were up by 3
percent to 1.78 billion kuna
    * Its net loss amounted to 82.2 million kuna compared to a
net profit of 24.9 million kuna in 2017. The 2017 figure was
helped by the sale of airport slots and, if that one-off revenue
is excluded, CA had a 2017 net loss of 113.6 million kuna
    * The Croatian government launched an effort to find a
strategic partner for the company which is expected to provide a
capital boost, help renew the fleet and extend the flight
network  urn:newsml:reuters.com:*:nL5N20G3QM

($1 = 6.5275 kuna)

 (Reporting by Igor Ilic
Editing by Edmund Blair)
 ((igor.ilic@thomsonreuters.com; +385 1 4899 970; mobile +385 98
334 053;))
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