Nexe Group posts results for H1 of 2012

According to its consolidated data, Croatia's construction materials company Nexe Group posted a total income of HRK 500 million (€66.93 million) in the first half of 2012, down by 26.7% compared to H1 of 2011. Its total business income dropped by 23.4% to HRK 477 million (€63.8 million), mainly due to lower business activities registered during the economic crisis.
September 6, 2012 Read time: 1 min

According to its consolidated data, Croatia's construction materials company 6520 Nexe Group posted a total income of HRK 500 million (€66.93 million) in the first half of 2012, down by 26.7% compared to H1 of 2011.

Its total business income dropped by 23.4% to HRK 477 million (€63.8 million), mainly due to lower business activities registered during the economic crisis.

Its total outgoings fell by 11.9% to HRK 635.2 million (€85 million), while its business outgoings decreased by 16.4% to HRK 510 million (€68.2 million). Its loss rose from HRK 44.5 million (€5.95 million) in H1 of 2011 to HRK 194.3 million (€26 million) in H1 of 2012.

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