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Croatia’s Ericsson Nikola Tesla 9-Mo Net Profit Down 25%

Oct 27, 2009, 1:43:00 PMArticle by Kire Nedelkovski
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October 27 (SeeNews) - Croatian blue-chip telecoms equipment manufacturer Ericsson Nikola Tesla reported on Tuesday a fall in its unaudited, non-consolidated nine-month net profit to 79.6 million kuna ($16.4 million/11 million euro) from 106.7 million kuna a year earlier.

Croatia’s Ericsson Nikola Tesla 9-Mo Net Profit Down 25%

It issued the following details in a statement to Zagreb Stock Exchange (ZSE):

In millions of kuna Jan-Sept 2009 Jan-Sept 2008
Net profit 79.6 106.7
Pre-tax profit 79.6 133.4
Total revenue 1,075 1,371
Total costs 995.4 1,238

Ericsson Nikola Tesla is one of the 24 blue chips on the ZSE. Its shares were traded at 1,346 kuna by 1054 GMT on Tuesday, down 0.21% from the previous close.

Swedish telecoms equipment giant Ericsson owns 49.07% of the Croatian company.

(1 euro=7.2335 Croatian kuna)

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