Croatian construction company Viadukt turns to net profit in Jan-Sep.

By bne IntelliNews October 29, 2012
Croatian construction company Viadukt said it turned to a consolidated net profit of HRK 1.57mn (EUR 0.2mn) in the first nine months of 2012 from a net loss of HRK 32.2mn a year earlier. The company's total consolidated revenue rose 16.6% on the year to HRK 652mn in Jan-Sep, while the total consolidated expenses increased an annual 10% to HRK 650mn, the company said in a filing with the Zagreb burse. Sales revenue climbed 16.3% y/y to HRK 629mn. Last week, Viadukt signed five contracts worth a combined HRK 58.8mn (EUR 7.8mn). It signed a HRK 22.5mn contract with water utility Hrvatske Vode for the construction of an irrigation system. The second HRK 7.55mn contract was signed with the government and concerns the protection and stabilisation of the slope at the border crossing Klek. Viadukt has also signed three contracts with state roads operator Hrvatske Ceste - on the rehabilitation of the Veliki Stog tunnel on national road D1 for HRK 8.7mn, on the rehabilitation of the Mali Stog tunnel for HRK 4.3mn and on the maintenance of road D-205, Razvor Risvica, for HRK 15.7mn. Viadukt will implement the last contract in cooperation with local company Hidroelektra - Niskogradnja and Austrias Swetelsky.
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