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Croatia's Dalekovod non-cons net profit falls 88% y/y in Q1

Author Martin Raynov
Croatia's Dalekovod non-cons net profit falls 88% y/y in Q1

ZAGREB (Croatia), June 3 (SeeNews) - Croatian power transmission equipment maker Dalekovod [ZSE:DLKV-R-A] said its non-consolidated net profit fell to 23.654 million kuna ($3.411 million/3.124 million euro) in the first quarter of 2015 from 205.534 million kuna in the like period a year earlier.

First-quarter operating loss stood at 3.406 million kuna, down from 14.880 million kuna in the year-ago period, Dalekovod said in a bourse filing.

The company’s total revenue fell to 251.269 million kuna from 342.956 million kuna in the first quarter of 2014.

Its total assets stood at 1.566 billion kuna at the end of March, as compared to 1.619 billion kuna a year earlier.

Dalekovod's share capital remained unchanged at 247.193 million kuna.

  Q1 2015 (in mln kuna) Y/Y Change (%) Q1 2014 (in mln kuna)
Net profit 23.654 -88% 205.534
Pre-tax profit 23.654 -88% 205.534
Operating profit -3.406 -77% -14.880
Total revenue 251.269 -27% 342.956
Total assets 1,566 -3.29% 1,619
Cash and cash equivalents 19.519 -53% 41.762
Share capital 247.193 0.0% 247.193
Total liabilities 1,206 -5.69% 1,279

(1 euro = 7.5723 Croatian kuna)

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