končar KET, elektrana.jpg
Photograph: koncar-ket.hr

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)

 

 

 

 

Related stories

Koncar Group's revenues up 11 pct, profits up 19 pct

INA Group revenues down 21 pct, net profit drops 83 pct

Atlantic Group earns HRK 45 mln in net profit in Q1

Koncar reports HRK 173 million in profits

HEP earns HRK 1.2 bln in net profits, invests HRK 175 mln in H1

Latest news

Trump administration reverses transgender bathroom protections

The Trump administration on Wednesday withdrew Obama-era guidance about the use of school and university bathrooms by transgender students, local media reported.

Several Dakota Access Pipeline protesters arrested as deadline passes

Several people at a camp protesting against a controversial oil pipeline in the US state of North Dakota were arrested Wednesday after a deadline to vacate the land passed, local media reported.

Germany deports 18 rejected asylum seekers to Afghanistan

A Kabul-bound plane with 18 Afghan migrants on board took off from Munich Airport late Wednesday, its passengers becoming the third group of rejected asylum seekers to be deported by German authorities back to Afghanistan.

New Romanian justice minister named after anti-corruption protests

Romanian Prime Minister Sorin Grindeanu has named a former judge to be the country's next justice minister, after the previous office holder resigned under pressure from mass anti-corruption protests.

Le Pen's chief of staff indicted in European Parliament jobs probe

The chief of staff of Marine Le Pen, the far-right candidate for president in upcoming French elections, was indicted Wednesday over allegations of irregular reimbursements from the European Parliament, a judicial source told dpa.

Montenegrin police extradites Miodrag Jovic to Croatia

Montenegrin police reported on Wednesday that they extradited to Croatia Miodrag Jovic (48) from Glina, after whom Interpol Zagreb issued an arrest warrant.

Croatian minister attends CoMoCoSEE conference in Albania

Culture Minister Nina Obuljen Korzinek participated in a third conference of the Council of Ministers of Culture of South-Eastern Europe (CoMoCoSEE) that took place in Tirana on February 21-22.

New Somali president asks al-Shabaab to surrender to 'help' country

Somalia's newly elected President Mohamed Abdullahi Farmajo asked Islamist terrorist group al-Shabaab to surrender in order "to help rebuild" the conflict-ridden East African nation.

Serbia's EU negotiator says minority rights neglected

The head of the Serbia's European Union accession negotiation team, Tanja Miscevic, said in Novi Sad on Wednesday that minority rights had been neglected for many years and added that positive results in that regard cannot be achieved over night, the Beta news agency has reported. 

Scientists: Nearby star's 7 rocky planets are "best bet" for life

New analysis of telescope data shows a dwarf star just 40 light years from Earth has at least seven apparently rocky planets with potential to harbour water, an international team of scientists announced Wednesday.

Croatian PM receives EIB Vice-President

Prime Minister Andrej Plenkovic met on Wednesday with European Investment Bank (EIB) Vice-President Dario Scannapieco for talks on the bank's contribution to a new investment cycle in Croatia and its support to the Croatian government to implement key projects, a press release from the government's office said.

Bomb explodes outside police officer's home in Northern Ireland

A bomb exploded outside a police officer's home in Northern Ireland on Wednesday but there were no immediate reports of casualties.