Croatian Podravka's First-Quarter Net Income Falls 27%
By Jasmina Kuzmanovic -
2012-04-24T14:08:48Z
Podravka Prehrambena Industrija d.d., Croatia’s second-largest food manufacturer, said its first quarter net income declined 27 percent to 18 million kuna ($3 million) on increased production costs.
Revenue grew 2 percent to 815 million kuna, the Koprivnica, Croatia-based company said in a statement to the Zagreb stock exchange today.
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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