INA-Industrija nafte, d.d. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 05:33 pm EST
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INA-Industrija nafte, d.d. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was EUR 1,007.9 million compared to EUR 1,046 million a year ago. Revenue was EUR 1,035.6 million compared to EUR 1,062.4 million a year ago. Net income was EUR 92.2 million compared to net loss of EUR 121.7 million a year ago. Basic earnings per share from continuing operations was EUR 9.2 compared to basic loss per share from continuing operations of EUR 12.2 a year ago.
For the full year, sales was EUR 3,896.3 million compared to EUR 4,660.4 million a year ago. Revenue was EUR 3,970.6 million compared to EUR 4,708.9 million a year ago. Net income was EUR 250 million compared to EUR 251.5 million a year ago. Basic earnings per share from continuing operations was EUR 25 compared to EUR 25.2 a year ago.
INA dd is a Croatia-based company engaged in the oil and gas industry. The Companyâs business is divided into three main segments: Oil and Gas Exploration and production, engaged in oil and gas exploration and production in Croatia and abroad; Refining and Marketing, engaged in refining and marketing of oil products through fuels refineries, located in Rijeka, Sisak and Zagreb; and Retail, providing retail sales of fuels and associated products through a network of petrol stations in Croatia, Bosnia and Herzegovina, Slovenia and Montenegro. The Company also manufactures lubricants and related products, as well as industrial and automotive lubricating greases. In addition, INA dd throughout its subsidiaries is involved in catering and tourism, car rental, as well as the provision of services related to the construction of oil and gas pipelines and plants. The Company is a parent entity of INA Group. In September 2013, it aquired 50% stake in Croplin doo, and now owns 100% of it.
INA-INDUSTRIJA NAFTE, D.D. 
