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Croatia's Koncar-SP non-cons net profit doubles in 2014

Author Martin Raynov
Croatia's Koncar-SP non-cons net profit doubles in 2014 wrangler/Shutterstock.com

ZAGREB (Croatia), February 20 (SeeNews) - Croatian electrical switchgear producer Koncar-Sklopna Postrojenja said its net profit jumped to 102,003 kuna ($15,007/13,224 euro) in 2014 from 48,885 kuna a year earlier.

Operating profit rose to 719,896 kuna in 2014 compared to 292,270 kuna a year earlier, Koncar-Sklopna Postrojenja said in a bourse filing. Pre-tax profit stood at 102,003 kuna versus 48,885 kuna in the previous year.

The company’s total revenue surged to 90.1 million kuna in 2014 from 56.8 million kuna a year earlier.

In 2014, total assets climbed to 118.3 million kuna from 53.1 million kuna in the year-ago period, while cash and cash equivalents dropped to 2.6 million kuna from 3.2 million kuna.

Koncar-Sklopna Postrojenja's share capital remained unchanged at 29 million kuna at the end of 2014. Total liabilities climbed to 81.7 million kuna from 22.5 million kuna.

Indicator 2014 (in kuna) Y/Y Change 2013 (in kuna)
Net profit/loss 102,003 108.66% 48,885
Pre-tax profit/loss 102,003 108.66% 48,885
Operating profit/loss 719,896 146.31% 292,270
Total revenue 90.057 mln 58.5% 56.819 mln
Total assets 118.311 mln 122.67% 53.133 mln
Cash and cash equivalents 2.597 mln -17.68% 3.155 mln
Share capital 29.019 mln 0.0% 29.019 mln
Total liabilities 81.737 mln 263.2% 22.505 mln

(1 euro = 7.7133 Croatian kuna)

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