As part of the optimization
processes within Podravka Group, it was executed a feasibility study on cattle
slaughtering at Danica d.o.o., and conclusions thereof were considered by the
Supervisory Board of Danica d.o.o. and Management Board of Podravka d.d.
The above mentioned
study showed that annual loss for the year 2011 at the cattle slaughtering line
is about HRK 14 million, and the same trend was continued during the first six
months of this year as well. The total profitability of Danica d.o.o. is thus
jeopardized for its remaining production program.
Therefore the
suggestion was made by the management of Danica d.o.o. to close the cattle
slaughtering line as of 31st December 2012.
In the last six
months the sales of fresh meat was reduced, and is performed only for Horeca
buyers.