ZAGREB, February 28, 2018 - Croatia's nautical tourism company Adriatic Croatia International Club (ACI) last year generated a net profit totalling 20.3 million kuna, which is nearly 86% more than in 2016, ACI said in a press release on Wednesday.
ACI's total revenues in 2017 amounted to 201.1 million kuna, while total expenditures reached 176.1 million kuna. The company's gross profit reached 25 million kuna, up 77% on the year. Business revenues, namely revenues from nautical activities, amounted to 190 million kuna, up one percent on the year.
The company's biggest investment project in 2017 was the complete overhaul of the ACI marina in the northern Adriatic resort of Rovinj, the press release said.
In 2017, ACI received a 2.7 million kuna grant from European funds for the preparation of project documentation for the restoration of the Sorkočević Castle in ACI marina Dubrovnik.
Early this year, the government, which has a 78.58% stake in the company, put ACI on the list of state-owned companies of strategic and special interest to Croatia.
