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Croatian Electricity Company HEP Turns to Loss in Jan-Sept - Table

Nov 26, 2008, 2:54:28 PMArticle by Kire Nedelkovski
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November 26 (SeeNews) - Croatian state-owned electricity company Hrvatska Elektroprivreda (HEP) said on Wednesday it turned to a net loss of 165 million kuna ($29.9 million/23.1 million euro) in the first nine months of 2008 from a net profit of 26.5 million kuna for the same period last year.

Croatian Electricity Company HEP Turns to Loss in Jan-Sept - Table

The company issued the following details in a financial statement sent to the Zagreb Stock Exchange:

(in millions of kuna) Jan-Sept'08 Jan-Sept'07
Net profit/loss -165.0 +26.5
Pre-tax-profit/loss -161.3 +26.5
Total revenue 8,419.3 7,756.1
Total costs 8,580.7 7,725.4

HEP (www.hep.hr) generates electricity from water and thermal sources, imports and transmits electricity. So far, HEP has issued only bonds but not shares.

(1 euro=7.1534 Croatian kuna)

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