INA-Industrija nafte, d.d. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 28, 2022 at 06:57 am EDT
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INA-Industrija nafte, d.d. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was HRK 11,659 million compared to HRK 6,978 million a year ago. Revenue was HRK 11,742 million compared to HRK 7,040 million a year ago. Net income was HRK 1,233 million compared to HRK 563 million a year ago. Basic earnings per share from continuing operations was HRK 123.3 compared to HRK 56.3 a year ago.
For the nine months, sales was HRK 27,233 million compared to HRK 16,248 million a year ago. Revenue was HRK 27,475 million compared to HRK 16,467 million a year ago. Net income was HRK 2,769 million compared to HRK 1,097 million a year ago. Basic earnings per share from continuing operations was HRK 276.9 compared to HRK 109.7 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. 
