INA-Industrija nafte, d.d. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 08:30 am EDT
Share
INA-Industrija nafte, d.d. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 911.9 million compared to EUR 1,275.8 million a year ago. Revenue was EUR 957.9 million compared to EUR 1,279.3 million a year ago. Net income was EUR 87.3 million compared to EUR 126.1 million a year ago. Basic earnings per share from continuing operations was EUR 8.7 compared to EUR 12.6 a year ago.
For the six months, sales was EUR 1,672.7 million compared to EUR 2,067.1 million a year ago. Revenue was EUR 1,733.6 million compared to EUR 2,088.2 million a year ago. Net income was EUR 73.1 million compared to EUR 211.1 million a year ago. Basic earnings per share from continuing operations was EUR 7.3 compared to EUR 21.1 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. 
