You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Croatia's Ingra turns to 9-mo cons net profit

Croatia's Ingra turns to 9-mo cons net profit Source:

ZAGREB (Croatia), October 31 (SeeNews) - Croatian civil engineering company Ingra [ZSE:INGR-R-A] said on Thursday it swung to a net profit of 2.55 million kuna ($381,716/342,131 euro) in the first nine months of 2019, from a net loss of 19.9 million kuna in the like period of last year.

Operating revenue halved year-on-year to 13.1 million kuna from 26.4 million kuna, while operating costs plummeted 66.7% to 16.3 million kuna in the nine months through September, Ingra said in a filing with the Zagreb Stock Exchange (ZSE).

The company's total assets amounted to 309 million kuna at the end of September, compared with 297.6 million kuna at end-2018.

Ingra's shares last traded at 3.90 kuna on October 30 on the ZSE, down 1.02% from the previous trading day. 

(1 euro = 7.43829 kuna)