Končar DST Posts H1 Net Profit of 18.7 Million Kuna

Total Croatia News

ZAGREB, July 22, 2019 – The Končar Distribution and Special Transformers group generated a net profit of 18.7 million kuna in the first half of 2019, which is an increase of 4.1 million kuna or 28% compared with the same period in 2018, its financial statement shows.

Consolidated pre-tax profit was 23.7 million kuna, up by 21% from the first half of 2018 when it was 19.6 million kuna. Total consolidated revenue rose by 23% to 561.6 million kuna.

The management board described the group’s business as stable, citing ongoing activities to improve organisation, rationalise business, promote development, cut costs, secure new deals and increase competitiveness.

More Končar news can be found in the Business section.

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