Krka Posts Double-Digit Profit Growth in H1
Group operating profit (EBIT) rose 15% to EUR 132.8m, the company said on Thursday.
Exports accounted for 93% of group revenue, with Eastern Europe, Krka's key sales region, posting annual growth of 26%.
CEO Jože Colarič labelled the result as successful as he presented the figures to the press.
Going forward, he said the company would focus on overseas markets in the Middle East, East Asia, Africa and the Americas.
Krka has high expectations in particular in the Middle East, with Colarič highlighting Iran, Iraq and Saudi Arabia as markets with great potential.
In another key market, Russia, Krka plans to start production in a new plant by the end of the year.
Krka added 0.8% on the Ljubljana Stock Exchange today, to close at EUR 52.20, after analysts recently issued buy recommendations.
Colarič believes that the price growth will continue.