Daily comment:
1,4% increase of index heavyweight, integrated telecom HT (HT-RA), helped popular benchmark to remain unchanged while stock turnover amounted to HRK 35,6 million. Port operator Luka Rijeka (LKRI-R-A) dropped 1,2% to end at HRK 420 after the company posted Q2 results. Even though the sales increased by 28,5%, EBIT and net income declined by 26,9% and 16,8%, respectively, as a result of 33% yoy operating costs increase driven with payment of backward debts and headcount reduction costs. Q2 net income amounted to HRK 1.621 million while cumulatively it stands at HRK 4.296 million or some HRK 1,43 per share. Media speculations about new contracts worth HRK 370 million pushed heavy constructor and power trunk producer Dalekovod (DLKV-R-A) 0,9% up on HRK 1,9 million in turnover. Newspapers are speculating that Dalekovod won a contract for electrification and equipping of 2nd tube of Mala Kapela and Sveti Rok tunnels. Other construction companies had a mixed performance today with construction engineering company Ingra (INGR-R-A) adding 2,1%, construction consultancy Institut građevinarstva Hrvatske (IGH-R-A) gained 0,3%, while civil engineering company Hidroelektra niskogradnja (HDEL-R-A) dropped 0,6%. Milling and bakery company Cakovecki mlinovi (CKML-R-A) gained 3,5% collecting HRK 0,2 million in turnover. Co continued delivering very good business results. After 15% CAGR in the period 2003-2006, Co delivered sales growth of 12% in 2007, while in 1H 2008 growth was even stronger amounting 22%. Increase in prices of bread was the sales growth driver, however new companies included in Co’s business operations last year (Vrazap, Pogaca Babin Kuk) also gave positive contribution to sales growth.
news flash:
- Warning from Alliance & Leicester
- Mirage resort sale comes into focus
- Telstra strikes 3G deal with Hutchison
- Telco’s assets on the block
CROBEX index - Zagreb Stock exchange 0,0%
change in 2008. -30,8%
CROBEX index - Zagreb Stock exchange (chart)
Avg price change for CROBEX members (chart)
market multiples - shares (tables)
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FIMA FAS Ltd.
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http://www.fima.com
e-mail: fima-fortis@fima.com
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stock report20080819.pdf, 105 Kb
