July 28 (SeeNews) - Croatian telecoms equipment manufacturer Ericsson Nikola Tesla [ZSE:ERNT-R-A] said on Tuesday it posted a consolidated net profit of 50.95 million kuna ($7.4 million/6.7 million euro) in the first half of 2015, up from 49.25 million kuna a year earlier.
The company's total revenues rose to 691 million kuna in the first half of the year, from 669 million from the same period last year, it said in a filing to the Zagreb bourse.
In the Commonwealth of Independent States, the company's sales decreased 43% to 42.9 million kuna through June.
Domestic six-month sales amounted to 153 million kuna, showing a year-on-year decline of 22.5%.
The Croatian blue-chip company issued the following details in an unaudited consolidated statement to the Zagreb Stock Exchange (in millions of kuna):
|
H1 2015 |
H1 2014 |
Net profit |
50.95 |
49.25 |
Total revenue |
691.15 |
669.25 |
Total costs |
639.97 |
619.99 |
Swedish telecoms equipment giant Ericsson owns 49.07% of the Croatian company.
(1 euro=7.5857 Croatian kuna)