Croatia Airlines Dd logo

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

Croatia Airlines set for first full-year profit

Fri 13th December, 2013 2:08pm
By Georgina Prodhan VIENNA, Dec 13 (Reuters) - Croatia Airlines  HRAR.ZA  is set to post its first-ever full-year net profit as the government seeks to sell 49 percent in the national flag carrier, its chief executive told Reuters. The government said last month it had received no offers for the stake but was confident there would be interested parties in another round in early 2014. It has not indicated how much it could raise from the sale.  ID:nL5N0JD37Q  Croatia Airlines CEO Kresimir Kucko said the company should make a net profit "in the neighbourhood of 3 to 5 million kuna" for the full year, after restructuring efforts helped it reach 23 million kuna ($4 million) in the first 10 months. "That will also put us in a better position for the owner in terms of seeking a new strategic partner," he said on the fringes of an industry event in Vienna on Friday. He said the airline would finish its restructuring by the end of 2015 at the latest, and earlier if it found a partner willing to invest in the business. Croatia Airlines has survived the last two decades largely on state subsidies, which are no longer possible after Croatia joined the European Union in July. ($1 = 5.5546 Croatian kunas) (Reporting by Georgina Prodhan; Editing by Victoria Bryan) ((georgina.prodhan@thomsonreuters.com)(+431 5311 2256)(Reuters Messaging: georgina.prodhan.thomsonreuters.com@reuters.net)) Keywords: CROATIA AIRLINES/PROFIT
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.