Podravka Group business results for the nine months 2010th The

Podravka Group business results for the nine months 2010th The Net income for the nine months increased by 95% In the nine months 2010th The realized net profit of Podravka Group amounted to EUR 82.3 million which represents a significant growth of 95% over the same period last year.

At the same time, operating costs are lower Podravka Group for 115.3 million kuna, or 5% and operating profit grew by 29%. Total sales in the nine months 2010th amounted to EUR 2593.8 million, representing a decline of 3% compared to last year. Sales Strategic Business Areas (SBA) Food and beverages amounted to 2078.9 million USD, or on the domestic market due to weaker economic activity came to a lower level of consumption due to falling traffic in retail sales recorded a decline of 3%, while at the same time foreign market achieved a growth of 3% from a year earlier. Foreign markets, which recorded a higher level of sales markets of Western Europe, overseas and the Far East 20% and the market of Central Europe 6%. SBA Pharmaceuticals was EUR 514.9 million, a decrease of 2%, while foreign sales grew sales by 10% over the same period last year. On the occasion of results, CEO Miroslav Vitković said: "Despite the economic crisis that surrounds us, we are satisfied that the results achieved in each case show how successfully overcomes many obstacles that we can impose. This is corroborated by the fact that we carried out optimization of the organization and better cost management at all levels have brought significant savings to us confirms that we are on track to successfully accomplish goals. When, however, on foreign markets for, the fact encourages us to safely build a good position of our brands and consumers increasingly believe our products. " Detailed information about Podravka Group business results for the first nine months 2010th can be found on the website of Podravka dd under Investors / Financial reports / announcements of business results.