ZAGREB (Croatia), April 30 (SeeNews) – Croatia's Djuro Djakovic Group [ZSE:DDJH-R-A] said on Monday it posted a consolidated net profit of 3.8 million kuna ($619,200/512,700 euro) in the first three months of 2018, down from a profit of 7.0 million kuna in the same period a year earlier.
The company's consolidated operating income fell 8.5% on the year to 140.2 million kuna through March, while operating costs dropped to 135.4 million kuna from 146.7 million kuna a year earlier, Djuro Djakovic said in a Zagreb bourse filing.
Its consolidated revenues lost 9.6% to 143.6 million kuna, while EBITDA totalled 11.1 million kuna, down 2.1 million kuna from March last year.
Djuro Djakovic explained that its first-quarter financial results were mostly affected by the poor performance of its unit Djuro Djakovic Industrijska rjesenja.
The main lines of business of the Djuro Djakovic conglomerate are the manufacturing of equipment for steelworks, industrial and power plants and the production of rolling stock and special-purpose motor vehicles.
(1 euro=7.41145 kuna)