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
Author: 

Related

Dalekovod Group's revenue jumps 32%

Business

Wednesday, February 17, 2016 - 09:54

More from Business

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said...

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love...

Erdogan calls on Turks to sell dollars and buy lira and gold

President Recep Tayyip Erdogan urged Turkish citizens on Friday to sell their dollars and buy gold and lira, as the...

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport...

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German...