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Croatia’s IGH 9-mo Cons Net Profit Falls to 36.34 Mln Kuna (5.0 Mln Euro)

Nov 2, 2009, 4:02:01 PMArticle by Kire Nedelkovski
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November 2 (SeeNews) - Croatian blue-chip civil engineering company Institut Gradjevinarstva Hrvatske (IGH) reported a consolidated unaudited net profit of 36.338 million kuna ($7.4 million/5.0 million euro) for the first nine months of the year, compared to net earnings of 60.567 million kuna a year earlier.

Croatia’s IGH 9-mo Cons Net Profit Falls to 36.34 Mln Kuna (5.0 Mln Euro)

The company issued the following details in a statement to the Zagreb Stock Exchange on Friday:

in millions of kuna Jan-Sept 2009 Jan-Sept 2008
Net profit 36.338 60.567
Pre-tax profit 50.802 70.780
Total revenue 594.2 637.5
Total costs 543.4 566.7

The company stock, a component of the 24-share Crobex index of the Zagreb bourse, was trading down 1.75% at 3,600 kuna by 1309 GMT on Monday.

(1 euro=7.23 Croatian kuna)

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