Ericsson Nikola Tesla's revenues up nearly 4%

Ericsson Nikola Tesla reported on Thursday that its sales revenues in 2015 rose by 3.8% to HRK 1.36 billion, and the net profit went up by 4.6%, to HRK 91.3 million, according to a financial report on the last year's performance of this Zagreb-based provider of information-communications products and services.

"Our business results in 2015 indicate the continuation of stable operations. A marked increase in revenues was achieved by activities in the Ericsson market, which has offset a decline in revenues from other markets," the Ericsson Nikola Tesla president Gordana Kovacevic was quoted as saying in a press release.

The gross profit of the company was 177.2 million kuna, which was 1.3% lower than in 2014.

The operating income increased by 12.2% to HRK 91.4 million.


(EUR 1 = HRK 7.6)

Last update: Thu, 18/02/2016 - 13:28

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