18 Nov

Vlahović: It is crucial to maintain liquidity and investment potential and save jobs

first_img“At the beginning of 2020, the world was hit by the strongest economic crisis since World War II. The Croatian economy has also been hit hard and the recovery will be difficult. That is why, for the year in which we achieved one of our best results, we proposed not to pay a dividend in order to save Adris in the long run.. “, Said Vlahović and added that it is crucial to preserve liquidity and investment potential and adjust Adris to the new circumstances. The session of the General Assembly of the Adris Group, held yesterday in Rovinj, ended the holding of the annual general meetings of the companies within the Adris Group. During the day, the assemblies of Cromaris, Maistra and Hilton Imperial were held, while the general assemblies of HUP Zagreb and the company Hoteli dubrovačka rivijera were held on July 6, and the assembly of Croatia osiguranje on Friday, July 3.  Decision not to pay dividends Proverbial indebtedness and a strong financial position, Vlahović points out, have enabled independence in conducting business policy. In the period from 2005 to 2019, more than HRK 10 billion was invested in business growth and development. Of that, almost six billion in tourism. “Almost six billion kuna has been invested in tourism since 2005, including the acquisition of HUP and Dubrovnik’s Hilton. The structure of the offer has changed, 84 percent of hotels today are at the level of 4 * and 5 *, which is five times more than at the beginning of the investment cycle. Revenues increased four times and operating profit six times. As much as 95 percent of revenues are generated in foreign markets”Vlahović emphasized. In 2019, revenues from the sale of goods and services increased by six percent and amounted to HRK 5,4 billion. Consolidated net profit amounts to HRK 506 million, which is an increase of 13 percent, and net profit after minority interests amounts to HRK 402 million and grew by 31 percent. The consolidated indebtedness of the Group is low, and Vlahović points out that the company has practically no debt. The financial potential of the Group has been preserved, which ensures stability in the conditions of crisis and business uncertainty. “Since we do not know the duration of the crisis, we are keeping liquidity for 15 to 20 months,” Vlahovic points out.  Adris has good companies in good industries and our capital is well distributed, said Ante Vlahović at the opening of the General Assembly and that it is crucial to maintain liquidity and investment potential and preserve jobs.last_img read more

17 Aug

Lakers star Anthony Davis doubtful tonight vs. Golden State

first_img Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Lakers, Clippers schedules set for first round of NBA playoffs AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers“I think it’s just looking at the pros and cons of it,” Davis said about possibly resting games. “Obviously if it makes sense and then they give me reasons why, for the betterment of the team, then I guess we can go forward with it.”Davis has acknowledged that his style of play carries some inherent risks. The Lakers’ leading scorer and rebounder (26.3 ppg and 10.4 rpg) has yet to miss a regular-season game, but has made several injury-related trips to the locker room with the team training staff. During the preseason, he injured his thumb, but returned after missing just one game. He first injured his shoulder in the third game of the season against Charlotte, but has played through discomfort.Related Articles Lakers practice early hoping to answer all questions Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers While Davis’ teammates have expressed they want him to stay healthy above all else, he’s also drawn some praise for his approach – most notably from LeBron James.“For him when he’s showing that grit when he’s playing with injuries, there’s no reason for any of us not to be out there as well,” James said of Davis. “He’s been showing everything.”The Lakers will play without Rajon Rondo (calf strain) who returned Tuesday, but has not been medically cleared to play back-to-back games. The Lakers had Troy Daniels (left knee soreness) available in Phoenix, but did not play him as a precaution. Newsroom GuidelinesNews TipsContact UsReport an Error The Lakers could be without Anthony Davis on Wednesday night as the team announced the star forward is doubtful to play against the Golden State Warriors at Staples Center.Davis, who began the week with right shoulder soreness, said he injured his ribs on the same side Tuesday night in the first quarter against the Phoenix Suns. The Lakers were concerned enough to tape the injury during the third quarter of the game, then get X-rays on the area afterward.Although the X-rays revealed no serious cause for concern, the Lakers are still taking caution with their newest franchise star in the second game of the first back-to-back of the season.Davis said earlier in the week that he strongly desired to play despite his shoulder soreness, which has lingered for the past few weeks. How athletes protesting the national anthem has evolved over 17 years last_img read more