Croatia:Croatian Koncar Co. Posts 11-mo Revenues Up by 9.4%
16:42 – 20 December 2005 – Croatian electrical equipment and engineering company Koncar posted 11-mo consolidated sales up by 9.4% y/y to 1.586 billion kuna (214.5 million euro).
Its domestic sales for the 11-mo period rose by 11% to 968.5 million kuna, while exports increased by 7% to 617.2 million kuna. Koncar’s divisions, which provide goods and services to the energy and transport sectors, contributing 74% to the company’s sales. Koncar said its main domestic client was the state-owned electricity monopoly Hrvatska Elektroprivreda (HEP), which had 44% of domestic sales. Most of Koncar exports in the January-November period were directed to Serbia and Montenegro, Bosnia and Slovenia.
Koncar includes parent company Koncar – Elektroindustrija, 23 subsidiaries and four affiliated companies.
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