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.
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)