October 29 (SeeNews) - Croatia's civil engineering company Institut IGH [ZSE:IGH] said on Tuesday its consolidated net profit rose sharply to 6.6 million kuna ($981,665/884,375 euro) in the first nine months of 2019, from 2.5 million kuna in the comparable period of last year.
IGH's total revenue fell 7.1% on the year to 138.9 million kuna in the period under review, while total costs dropped to 132.3 million kuna from 147.1 million kuna, the company said in a filing to the Zagreb Stock Exchange.
The company's total assets decreased to 485.2 million kuna at the end of September, from 487.9 million kuna at the end of 2018.
The IGH Group employed 580 people at the end of the third quarter of 2019.
(1 euro = 7.45650 kuna)