Koncar Group earns HRK 29.4 mln in net profit

In the first quarter of 2016, the Koncar Group earned a net profit in the amount of HRK 29.4 million, of which HRK 5.6 belongs to minority interests and HRK 23.8 million to majority interests, the electrical, transport and energy company reported on Friday.

Pre-tax profits totalled HRK 37.6 million.

The group's consolidated sales revenues totalled HRK 618.9 million.

Operating revenues totalled 643.6 million, with revenues from the sale of products and services accounting for 96.2% of that amount.

The group's operating expenditure totalled HRK 610.3 million.

Revenues from domestic sales totalled HRK 366.5 million while revenues from foreign sales amounted to HRK 252.4 million.

The company's most important export markets were Germany (HRK 24.9 million), Italy (23.3 million), Sweden (20.5 million), Slovenia (14.7 million) and the Netherlands (12.5 million).

In the first quarter of this year, the Koncar Group signed deals for new jobs worth HRK 708.9 million.

(EUR 1 = HRK 7.478)





Last update: Fri, 29/04/2016 - 19:38

More from Business

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 ...

Gauss fastest growing technological company in Croatia

Six Croatian companies - Gauss, Rimac Automobili, Axilis, Telum, Hangar 18 and Serengeti have entered this year's...

Volkswagen files recall plan for 3-litre cars in emissions case

Volkswagen on Monday met a deadline for submitting a revised recall plan for 3-litre engine diesel cars caught up in...