In the 1st quarter 2010 Podravka Group realized HRK 32.5 million from operating business, which is significant increase of 269% comparing to the same period last year.

Extraordinary items amounting to HRK 24.9 million had a negative effect on business results in the 1st quarter, and they are mostly related to harmonization of bond value amounting to HRK 24.3 million. The reporting net profit is therefore HRK 7.6 million and is increased by 23% comparing to the same period last year.

Podravka Group total sales revenues in the 1st quarter is HRK 781.1 million and is 2% reduced comparing to the same period in 2009. Sales of SBA Food and Beverages amounted to HRK 626.0 million, marking 1% decrease, while SBA Pharmaceuticals with HRK 155.8 mill. recorded 5% decrease in sales.

Vegeta, Podravka's strongest brand, recorded 4% sales growth comparing to the same period last year.

In Poland, the most significant market for Vegeta, Podravka group realized 23% sales growth.

Podravka Group sales on foreign markets grew 4% where SBA Food and beverages recorded 4% growth, and SBA Pharmaceuticals grew 5%.

Further information on Podravka Group business results for the first quarter 2009 please find at Investors: Financial Reports: Disclosure of Business Results.