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Croatia’s Koncar 9-mo Unaudited Cons Net Profit Rises 9.5%

Oct 29, 2009, 1:58:32 PMArticle by Kire Nedelkovski
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October 29 (SeeNews) - Croatian blue-chip electrical equipment producer Koncar Elektroindustrija said on Thursday its unaudited consolidated net profit rose to 89.6 million kuna ($18.4 million/12.4 million euro) through September from 81.8 million kuna a year earlier.

Croatia’s Koncar 9-mo Unaudited Cons Net Profit Rises 9.5%

The company issued the following details in a statement to the Zagreb Stock Exchange (ZSE):

in millions of kuna Jan-Sept 2009 Jan-Sept 2008
Net profit 89.6 81.8
Pre-tax profit 105.5 98.5
Total revenue 2,187 2,201
Total costs 2,082 2,102

Koncar is one of the 24 components of the Crobex index of the Zagreb bourse. Its shares were traded at 455 kuna by 1133 GMT on Thursday, 0.60% up from their previous close.

Koncar (www.koncar.hr) manufactures goods ranging from equipment for power plants and trams to portable computers and cookers.

(1 euro=7.2335 Croatian kuna)

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