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Croatia’s Podravka 2011 Net Income Rises 44% on Sales Abroad

Podravka Prehrambena Industrija d.d., Croatia’s second-biggest food manufacturer, said net income rose 44 percent last year to 121 million kuna ($20 million).

Revenue grew 3 percent to 3.6 billion kuna, the Koprivnica, Croatia-based company said in a statement to the Zagreb stock exchange.

To contact the reporter responsible for the story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for the story: James M. Gomez at jagomez@bloomberg.net

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