Croatia's Koncar D&ST 9-mo net profit down by 9.9% y/y in Jan-Sep.

By bne IntelliNews October 25, 2011
Croatia's power transformers producer Koncar-distributivni i specijalni transformatori (D&ST) reported an 9.9% y/y drop in net profit to HRK 23.4mn in January-September, a company filing to the Zagreb bourse showed. The total revenues of the company dropped by 3.1% y/y to HRK 544.2mn, mainly due to the 3.8% y/y decrease in sales revenues to HRK 535.2mn. The total expenses also declined by 2.7% y/y to HRK 514.9mn. The main shareholder of the company is Koncar-Elektroindustrija.
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