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

Revenues of the Koncar Group, an electrical, transport and energy company based in Zagreb, went up 11% in 2015, reaching HRK 3.3 billion, while the company's operating profits rose by 19% to HRK 123.6 million.

Figures from the Group's unaudited consolidated financial statement, which is comprised of Koncar Elektroindustria and 17 other companies, show that consolidated sales revenues in 2015 amounted to HRK 3.05 billion or 15.1% more than in 2014.

Total expenses in the said period totalled HRK 3.12 billion or 12.6% more than in 2014.

Operating profits amounted to HRK 123.6 million or 18.9% more than in 2014. Net profit was HRK 148.5 million or 7 percent less than the year before.

Of the 18 companies comprising the Koncar Group, 15 companies recorded profits, while three generated losses amounting to HRK 31.9 million.

The Group's most important export results were generated on the German market (HRK 142.2 million), followed by the United Arab Emirates (HRK 140 million), Sweden (HRK 114 million) Finland (HRK 78.8 million), Norway (HKR 54.9 million), Bosnia and Herzegovina (HRK 52 million), the Netherlands (HRK 48 million).

Last update: Tue, 16/02/2016 - 17:09


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