Croatian Podravka's First-Quarter Net Income Falls 27%

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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