Ilirija d.d. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
March 19, 2018
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Ilirija d.d. announced consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the year, the company reported total revenues were HRK 150,476,677.41 against HRK 129,019,007.31 a year ago. EBITDA was HRK 50,113,710.90 against HRK 45,027,129.46 a year ago. Operating profit was HRK 49,152,578.72 against HRK 43,599,262.35 a year ago. Adjusted EBITDA was HRK 51,299,144.76 against HRK 46,149,186.33 a year ago. EBIT was HRK 38,966,809.99 against HRK 36,014,876.17 a year ago. Adjusted EBIT was HRK 40,152,243.85 against HRK 37,136,933.84 a year ago. Net profit was HRK 27,755,384.38 against HRK 30,676,046.46 a year ago. Net debt as at December 31, 2017 was HRK 109,736,289.00 against HRK 112,429,903.01 a year ago. ROE was 11.62% against 11.13% a year ago. ROA was 6.50% against 7.43% a year ago. EPS was HRK 92.41 against HRK 110.6 a year ago. Net increase of cash flow from operating activities was HRK 40,479,736 compared to HRK 33,479,103 a year ago.
For the quarter, the company reported operating income of HRK 15,831,554 compared to HRK 11,250,108 a year ago. Sales revenues were HRK 13,793,598 compared to HRK 10,857,356 a year ago. Total income was HRK 16,661,763 compared to HRK 11,301,767 a year ago. Loss before taxes was HRK 13,354,770 compared to HRK 12,937,597 a year ago. Loss for the period was HRK 13,354,770 compared to HRK 12,937,597 a year ago.
Ilirija dd is a Croatia-based company engaged in the tourist industry. The Company operates four hotels, including four-star: Hotel Ilirija with 355 beds, Hotel Kornati with 220 beds and Hotel Villa Donat with 142 beds, and a three-star Hotel Adriatic with 215 beds. Its offer also includes Marina Kornati Restaurant, A'La Carte Restaurant, Konoba Raznjevic Restaurant, wellness and beauty center Salvia and an aquatic center. The Company also manages a marina. In addition, the Company provides a number of activities: beach volleyball, football, handball, basketball, diving, sailing, Jet Ski, cycling, horse riding and archery, trekking, rafting, paragliding, mini golf, tennis, swimming school, among others. As of December 31, 2011, the Company had 11 wholly owned subsidiaries. Arsenal Holdings doo held a 75.64% stake in Ilirija dd.