Business

Tobacco Industry with Net Profit of HRK 81.9m in 2019

By 29 May 2021
Tobacco Industry with Net Profit of HRK 81.9m in 2019
Pixabay

ZAGREB, 29 May 2021 - Businesses in the Croatian tobacco industry posted the net profit of 81.9 million kuna in 2019, a rise by 72.5% compared to 2018, according to the data provided by the Financial Agency (Fina).

In 2019, only the three entreprenuers -- TDR, Hvatski Duhani and Tvornica duhana Udbian -- were registered in this business activity in 2019.

They had 902 people on their payrolls.

The total revenues in the tobacco industry were HRK 1.1 billion, and for instance in 2017, they totalled 1.4 billion while in 2003 and 2004 they reached more than 2.6 billion.

The number of workers in this sector fell from 1,106 in 2002 to 720 in 2010, while in 2019 there were 902 employees.

The average monthly salary per employee in this sector rose 64.6% from HRK 6,566 in 2002 to HRK 10,809 in 2019.

The average monthly salary in this sector in 2019 was by 85.9% higher than the Croatian average.

In terms of the total revenues, the best performer in 2019 was the TDR company with 715 employees and HRK 871.4 million in revenue.

(€1 = HRK 7.5)

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