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Oct 30, 2007 12:58 EEST
October 30 (SeeNews) - Croatian blue-chip telecoms equipment producer Ericsson Nikola Tesla reported on Tuesday a fall in nine-month net profit to 105.9 million kuna ($20.7 million/14.4 million euro) from 141.1 million a year earlier despite a rise of 8.3% in sales revenue.
“The net profit is lower on the year but in line with the planned for the first nine months of 2007,” the company said in a non-consolidated financial statement to the Zagreb Stock Exchange.
The company’s net profit last year was boosted by 36.6 million kuna which it received in damages for a fire, it added. Besides, the net profit in the period from January to September this year was affected by 14 million kuna costs for treasury shares to company’s employees.
The company’s shares traded at 3,350 kuna on the Zagreb bourse on Tuesday by 1010 GMT, up from Monday’s close of 3,320 kuna.
(1 euro= 7.3464 Croatian kuna)
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