Croatias Ingra 2011 net loss widens to EUR 12mn.

By bne IntelliNews February 16, 2012
Croatian construction company Ingra said its net loss widened to HRK 90.9bn (EUR 12mn) in 2011 from HRK 55.7bn a year earlier. Ingras total consolidated revenue declined by 16.4% on the year to HRK 255.7mn in 2011, while the total expenses went down by an annual 12.9% to HRK 345.3mn, the company said in a filing with the Zagreb burse. At end-January Ingra completed talks with its Algerian partner Cosider T.P. on a HRK 21mn contract for the construction of the Tagharist dam in Algeria. Ingra plans to implement hydro energy projects and engage in construction of low buildings, ports and marinas in the northern African country. Also in January Ingra said it reached an agreement with the holders of its commercial papers on refinancing two issues of overdue debt via issuing a new paper issue. The newly issued papers will mature on October 31, 2012. Ingra said that it will pay the corresponding interest to the holders.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    6 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    19 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss