ZAGREB (Croatia), June 1 (SeeNews) – Croatia's Djuro Djakovic Group [ZSE:DDJH-R-A] said its consolidated net loss expanded to 20.5 million kuna ($3.0 million/2.7 million euro) in the first three months of 2020, from 4.8 million kuna in the like period a year earlier.
The company's consolidated operating income fell by 49% on the year to 56.3 million kuna in the three months through March, while operating costs decreased by 38.4% to 68.1 million kuna, Djuro Djakovic said in a Zagreb bourse filing on Friday.
Its EBITDA turned to a negative 6.1 million kuna, as compared to a positive 5.9 million kuna in the first quarter of 2019.
The company's unit Djuro Djakovic Specijalna Vozila recorded a loss of 14.9 million kuna, while Djuro Djakovic Industrijska Rjesenja saw a loss of 5.9 million kuna in the first quarter. The remaining two subsidiaries in the Djuro Djakovic Group booked profit in the review period.
The group's main lines of business is manufacturing of equipment for steelworks, industrial and power plants and production of rolling stock and special-purpose motor vehicles.
(1 euro = 7.58869 kuna)