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Croatia's Koncar-SP turns to non-cons net loss in Q1

Author Martin Raynov
Croatia's Koncar-SP turns to non-cons net loss in Q1

ZAGREB (Croatia), April 28 (SeeNews) - Croatian electrical switchgear producer Koncar-Sklopna Postrojenja [ZSE:KOSK-R-A] posted a consolidated net loss of 4.852 million kuna ($692,800/637,400 euro) in the first quarter of 2015 after booking a net profit of 11,600 kuna in the like period a year earlier.

First-quarter operating loss stood at 4.792 million kuna, as compared to an operating profit of 14,098 kuna in the first quarter of 2014, the company said in a bourse filing on Monday. Pre-tax loss amounted to 4.852 million kuna versus a pre-tax profit of 11,618 kuna in the first quarter of 2014.

The company’s total revenue grew to 19.000 million kuna in the first quarter of 2015 from 12.676 million kuna in the like period of 2014.

Total assets fell to 90.043 million kuna at the end of March, from 118.311 million kuna a year earlier.

Koncar-SP's share capital remained unchanged at 29.019 million kuna in the first quarter of 2015. Total liabilities plunged to 60.424 million kuna from 81.737 million kuna in the first quarter of last year.

  Q1 2015 (in mln kuna) Y/Y Change (%) Q1 2014 (in mln kuna)
Net profit/loss -4.852   0.012
Pre-tax profit/loss -4.852   0.012
Operating profit/loss -4.792   0.014
Total revenue 19.000 50% 12.676
Total assets 90.043 -24% 118.311
Cash and cash equivalents 3.377 30% 2.597
Share capital 29.019 0.0% 29.019
Total liabilities 60.424 -26% 81.737

(1 euro = 7.6131 Croatian kuna)

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