ZAGREB (Reuters) - Podravka PODR.ZA, Croatia’s leading food company, reported a 13.5% rise in net profit to 91.0 million kuna ($13 million) on Thursday.
Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 13.2% to 177.2 million kuna on sales up 20.8% to 1.229 billion kuna, said Podravka.
Sales at its pharmacy brand Belupo rose 22.7% to 257.9 million kuna.
Southeast Europe including Croatia accounted for 71.4% of Podravka’s sales.
Markets in central Europe saw sales grow 24.2% to 155.8 million kuna, the company said.
Reporting by Igor Ilic; editing by Jason Neely