Zhoda Investments publishes its annual report
Zhoda Investments ("Zhoda") publishes its annual report for 2022.
"Zhoda Investments' investment in two wineries in Croatia continue to develop successfully. Den cumulative annual growth in sales amount to 80% since the company was founded six years ago. Through the launch of a new premium segment and concentrated sales efforts the wine operations reached a price increase of 16% in 2022 compared to the prior year. The field in Zhoda Investments' oil operations in Ukraine is intact and there are no troops present in this part of the country. The Russian invasion of Ukraine do however affect the business and working conditions in all parts of the country. Despite this, the oil operations showed a positive operating result for 2022. I am looking forward to further presenting our strategy and operations when we shareholders meet at the upcoming annual general meeting", says Robert Karlsson, CEO of Zhoda Investments.
The annual report in Swedish, attached to this press release, is available on the corporate website www.zhodainvestments.com. The company has published a separate notice to the annual general meeting to be held in Stockholm on 21 June 2023. The notice can be found at the company's website.
For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141, [email protected]
www.zhodainvestments.com
About Zhoda Investments
Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. In the coastal region of Dalmatia in Croatia, Zhoda owns and manages Testament Winery and Black Island Winery. Based on indigenous organic grapes and a two-thousand-year-old wine tradition, it is Zhoda's award-winning winemakers' objective to create Croatia's best wine and to become the country's leading exporter of premium wines. The vision is to reach a production of one million bottles per year. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. For more information, visit www.zhodainvestments.com.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
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