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Banking

Building materials group Nexe posts EUR 14mn profit in Jan-Sep.

Building materials group Nexe posts EUR 14mn profit in Jan-Sep. The buildings materials and construction group Nexe grupa announced that its net profit grew by 21.1% y/y to HRK 105mn (EUR 14.3mn) in Jan-Sep on revenue growth of 16.7% to HRK 1.07bn. Exports contributed most for the good results doubling y/y to HRK 230.6mn while domestic sales dropped slightly to HRK 735mn. The total expenses of the group increased by 16.9% y/y to HRK 926.6mn. Nexe grupa includes 22 companies engaged in cement and brick production, as well as in construction.

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