Dalekovod earns HRK 32 mln in profit

The Zagreb-based power transmission lines manufacturer Dalekovod earned HRK 31.9 million in net profit in the first nine months of 2015, shows an unaudited consolidated report issued by the company.

The total revenue of the Dalekovod Group in the said period was HRK 988.7 million, 2.6% up from last year, while expenses grew 21% to HRK 946 million. Net profits totalled HRK 31.9 million, a significant drop from last year's profit of HRK 180 million which the company noted was a result of an accounting method and thus made data on profit in 2014 and 2015 incomparable.

The group's operating revenue at the end of September was HRK 894 million, 20% up from last year while operating expenses increased by more than 16% to HRK 808 million. EBITDA was HRK 85.9 million, up 63% from last year.

Dalekovod CEO Pasko Vela said that new, valuable contracts had been signed with clients from Finland, Albania, Norway, Kosovo and Poland.

Last update: Mon, 02/11/2015 - 12:40


Dalekovod Group's revenue jumps 32%


Wednesday, February 17, 2016 - 09:54

More from Business

Croatian Postal Bank posts record net profit of HRK 147.5 mln

The Croatian Postal Bank (HPB)'s net profit in the first nine months of 2016 was 38.1% higher compared to the same...

Apple earnings down, iPhone sales decline

Apple's latest results, posted Tuesday, showed a drop in revenue and declining iPhone sales.

Adris Group's Jan-Sept net profit HRK 570 mln

In the first nine months of 2016 the Adris Group generated a net profit of HRK 570 million while its total revenue...

Podravka Group posts net profit of HRK 142.2 mn

The Podravka food and pharmaceuticals group generated a net profit of HRK 142.2 million in the first nine months of...

IKEA Croatia increases turnover by 5.8%

IKEA Croatia has generated HRK 567.7 million (without Value Added Tax) in turnover or 72.4 million euro in the 2016 ...