Državne nekretnine achieved 23 percent higher net profit in 2022

According to the unaudited annual financial statements, Državne nekretnine in 2022 realized a growth in net profit in the amount of almost HRK 38 million (approx. EUR 5 million), which is an increase of 23 percent compared to 2021.

The increase in net profit is the result of the highest achieved total revenues so far, which in 2022 amount to HRK 131.8 million (EUR 17.5 million), 14% percent more compared to the same period of the previous year, and 9% more compared to the annual plan for 2022.

The successful business year is the result of a good management policy, effective risk management and economic challenges that affect business, a larger number of properties under management in 2022, as well as increased efficiency in terms of receivables and claim management.

In order to help the economy due to the consequences of the pandemic and the earthquake, the exemption from rent payments continued in 2022, and in accordance with the decisions of the Government of the Republic of Croatia and the Company’s Assembly, users of business premises and apartments are exempted from paying HRK 2.2 million (0.3 million EUR), and users and tenants are additionally enabled to repay the due debt in instalments in the total amount of HRK 5 million (EUR 0.7 million).

As a trading company of special interest, Državne nekretnine contributed HRK 51.3 million (EUR 6.9 million) to the state budget of the Republic of Croatia in 2022.

Effective cost management, reducing the consequences of the economic crisis and preserving business continuity is also the focus in 2023, with the aim of effective management of state property and generating income from real estate management for both the state budget and society.

Published 2. May 2023.