INA of Croatia’s 2011 Net Almost Doubles to 1.81 Billion Kuna

INA Industrija Nafte d.d., a Croatian refiner controlled by Hungary’s Mol Nyrt., said net income almost doubled to 1.81 billion kuna ($314 million) last year,.

Earnings before interest, tax, depreciation and amortization, or Ebitda, rose 60 percent to 6.52 billion kuna, the company said today in Zagreb. Revenue rose 16 percent to 30 billion kuna.

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

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

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