The Slovenia Times

Žito Group Ups Profit almost Five-Fold in 2013


Revenues of the core company Žito also remained flat, at EUR 104m, according to unaudited data. The group generated 84% of its revenues on the Slovenian market.

Compared to 2012, earnings before interest, taxes, depreciation and amortization were up by 15.7% to EUR 8.8m, which is in line with plans.

Operating profit at group level was meanwhile up 57% to EUR 3.1m, and was in entirety generated by the core company, which increased its operating profit by 55%.

Labour costs and costs of material, goods and services were reduced by 1% to stand at a total of EUR 101m. In the core company, costs of material, goods and services were up by 1% to EUR 76.1m, while labour costs were down by 1% to EUR 18.5m.


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