Emission prices CO2 recorded a significant increase so that in the period from January to September 2019 the cost of ETS and fuel increased by HRK 6,3 million compared to the same period in 2018. Also, the costs of passenger services are higher due to the increase in cabin crew costs (+1,2 million kuna) by applying the benefited length of service since the beginning of this year, in accordance with the legislation, and the increase in the cost of passenger fraud. Sales and promotion costs were up 1,7 percent while other expenses rose due to higher expenses in previous years. Other cost categories were lower than last year. Although the profit was realized in the second and third quarters, it is not enough to cover the losses of the winter period of low demand on the Croatian aviation market, and in the period January – September 2019. realized operating loss in the amount of HRK 30,4 million. With a net financing result, the final loss is HRK 48,4 million. Operating revenues in the period January – September 2019 were 1,4 percent higher compared to the same period last year. With the retention of the same number of transported passengers as in the period January – September 2018. and revenues from passenger traffic are at the level of the same observed period in 2018. Operating expenses in the said period were 1,3 percent higher compared to the same period in 2018. The largest increase was recorded in depreciation costs due to the application of the international accounting standard IFRS 16, which had a negative impact on the achievement of business results, primarily due to an increase in depreciation costs, which, together with depreciation based on mandatory major fleet / engine work, increased by 82 million kuna. The application of IFRS 16 also brought changes in the cost structure, which consequently affected the increase in the EBITDA performance indicator by almost HRK 83 million compared to the realization in the first nine months of 2018. The net effect on the result, which arose from the change in the method of recognizing operating lease costs, amounted to HRK 11,2 million, which is an increase in total costs compared to the previous bookkeeping treatment. In the period January – September 2019, a total of 1,701.571 passengers were transported, which is at the level of the same period last year. The passenger occupancy factor (PLF) increased by 0,1 percentage point, amounting to 73,8 percent. In international regular traffic, 2 percent more passengers were transported, while in domestic regular and charter traffic, a smaller number of passengers was realized compared to the same period in 2018. In the third quarter of 2019, the Croatian national carrier Croatia Airlines recorded an operating profit of HRK 49,3 million and a net profit of HRK 41 million.
Over 200 golfers from around the globe are expected to participate in the 58th edition of First Bank Amateur Open Championship organisers have said.Speaking at a press briefing held at the golf section of Ikoyi Club to herald the championship on Friday, the oganisers said the First Bank Amateur Open Championship, which made its debut over 57 years ago has sailed a smooth ride so far.This year’s tournament is expected to attract the best amateur golfers, not only in Nigeria, but across the world as the championship has been listed on the World Amarteur Golf Ranking administered by R&A and USGA. The organisers said the listing has given the championship a heightened level of recognition on the world stage as far as amateur golf championships are concerned, noting that the First Bank Lagos Amateur Open is now one of the international golf events where amateur golfers worldwide can participate and amass points to aid their WAGR rankings.In his reaction, the CEO of First Bank, Dr. Adesola Adeduntan represented by Osahon Ogieva, said the championship has grown to the level where amateur golfers the world over are scrambling to participate in and bank is therefore looking forward to a very successful tourney.On his part, Captain of the Ikoyi Club golf section, Babatunde Johnson opined that the First Bank Lagos Open Golf Champion is the longest running golf competition in Nigeria.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Two seafood processing industries in Killybegs are being sanctioned grants of over €500,000.KillybegsKillybegs Seafoods Frozen Ltd have been approved for a grant of €500,000. Island Seafoods Ltd. Killybegs have been approved for a grant of €17,550.This will generate a total investment of almost €4 million in the Seafood Industry in Killybegs. Minister for State Joe McHugh welcomed the announcement.“This investment, which is co-funded by the Department and the European Fisheries Fund, will help bring both jobs to the area, and also strengthen Killybegs’ position as a leading location for seafood processing in Ireland,” he said.Deputy Dinny McGinley also welcomed this development as it will lead to the sustaining of current employment in these industries and with the potential of creating extra jobs. TWO DONEGAL COMPANIES RECEIVE €500,000 IN GRANTS was last modified: March 6th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)