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Croatia's Tehnika pares 9-mo non-cons net loss

Oct 30, 2019, 2:48:59 PMArticle by Stefan Radulovikj
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October 30 (SeeNews) - Croatian construction company Tehnika [ZSE:THNK-R-A] said on Wednesday its non-consolidated net loss narrowed to 23.1 million kuna ($3.4 million/3.1 million euro) in the first nine months of 2019, from 100.2 million kuna a year earlier.

Croatia's Tehnika pares 9-mo non-cons net loss
Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

The company's operating income plummeted 61% to 99.2 million kuna, Tehnika said in an audited financial report filed with the Zagreb Stock Exchange (ZSE).

Tehnika's total non-consolidated revenue more than halved to 101.9 million kuna in the January-September period from 259.8 million kuna a year earlier, while total costs fell 65.3% to 125 million kuna.

The company's total assets amounted to 465.9 million kuna at the end of September, compared to 526.3 at the end of 2018.

(1 euro = 7.4596 kuna)

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