The Croatian public broadcaster HRT has posted a profit for 2015 three times higher than previously thought.
Poslovni reports that following an audit, the initial figure of HRK18.3 million (€2.4 million) was revised upwards to HRK56.9 million, which indicated the company’s best results in the last 12 years.
It has also been confirmed that after taking out a loan of HRK80 million to refinance existing debt and finance invetments, HRT will be taking out another loan of HRK60 million in Q4 this year. H
RT’s total borrowings amounted to HRK368.8 million, while planned state obligations were HRK 367.8 million, as of the end of 2015.
HRT plans to reduce costs through a number of ways including the monitoring of labour costs and increased efficiencies in programme production.
It also projects revenues of HRK1.41 billion, expenses of HRK1.401 billion and a profit of 9.2 million for this year.
Meanwhile, Balkan Insight reports that several hundred people and journalists have protested against the wave of sackings and cancellation of shows on HRT which they say were politically motivated.
