Profit of construction company Tehnika halved

The Zagreb-based Tehnika company wrapped up the year 2015 with a net profit of slightly over HRK 500,000, which is half the profit in 2014, as a result of "insufficient fulfilment of its capacities, notably in Zagreb" and also due to reducing margins and a decline in the prices and the volume of sale of flats, reads a consolidated report issued by this construction company.

Last year, nine companies in Croatia and one company in Bosnia and Herzegovina that make up the Tehnika Group, earned revenues in the amount of HRK 754 million, which was 5.9% higher on the year. The expenditures rose by the same percentage to HRK 752.5 million.

Thus, the net profit in 2015 was 567,500 kuna as against the net profit of HRK 1.28 million in 2014.

 

(EUR 1 = HRK 7.6)

Last update: Mon, 15/02/2016 - 12:29
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