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Croatia's Koncar Elektroindustrija net profit more than doubles in Q1

Author Martin Raynov
Croatia's Koncar Elektroindustrija net profit more than doubles in Q1

ZAGREB (Croatia), May 21 (SeeNews) - Croatian electrical equipment producer Koncar Elektroindustrija [ZSE:KOEI-R-A] said its net profit grew to 32.148 million kuna ($4.702 million/4.244 million euro) in the first quarter of 2015 from 13.388 million kuna a year earlier.

Operating profit amounted to 25.657 million kuna in the first quarter of 2015, up from 7.628 million kuna in the year-ago period, Koncar Elektroindustrija said in a bourse filing.

The company’s total revenue jumped to 725.970 million kuna from 526.906 million kuna in the first quarter of 2014.

  Q1 2015 (in mln kuna) Y/Y Change (%) Q1 2014 (in mln kuna)
Net profit 32.148 140% 13.388
Pre-tax profit 37.420 113% 17.543
Operating profit 25.657 236% 7.628
Total revenue 725.970 38% 526.906
Total assets 3,903 -0.39% 3,918
Cash and cash equivalents 452.598 16% 391.254
Share capital 1,209 0.0% 1,209
Total liabilities 1,176 -6.28% 1,254

(1 euro = 7.5755 Croatian kuna)

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