The Podravka food and pharmaceuticals group generated a net profit of €18.95m in the first nine months of 2016, up 8.6 percent y-o-y. The Koprivnica-based company’s sales rose 23 percent y-o-y to €403.96m.
“Positive business trends continue at all levels, and that’s what we are particularly pleased about. Despite a major negative impact of exchange rate differences, we managed to increase the profitability of our company and increase sales in all regions,” said Podravka CEO Zvonimir Mrsic.
