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

More from Business

Financial leaders in Davos optimistic about US, but see trade risk

The US economy will likely profit from the planned policies of its new president, as long as Donald Trump does not...

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...