Dalekovod Group's revenue jumps 32%

Dalekovod Group's Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in 2015 totalled HRK 116.9 million, following a loss of HRK 65.8 million in 2014, while its revenues went up 32% to HRK 1.29 billion, shows an unuadited consolidated financial report this construction group released on Wednesday.

The strong growth is a result of the group's restructuring and new contracts.

The group's net profit totalled HRK 27.2 million, following a loss of 32.2 million in 2014.

The group puts emphasis on foreign markets and it will continue optimising fixed costs so as to adjust to conditions of reduced demand on the domestic market and prepare for further activities on foreign markets, Dalekovod Group says.

Dalekovod is active on the markets of Norway, Finland, Ukraine, Kosovo, Poland, Slovenia, Montenegro, Macedonia and Bosnia and Herzegovina.

The joint stock company Dalekovod, which is part of the group, accounts for the largest part of the 2015 revenue, totalling HRK 1.01 billion or 43% more than in 2014. Its net profit totalled HRK 42.42 million, 19% up from 2014.

 

(EUR 1 = HRK 7.6)

Last update: Wed, 17/02/2016 - 13:35
Author: 

Related

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...