H1 net profit of Croatias HEP down 48.4% y/y.

By bne IntelliNews September 2, 2011
Croatian power utility HEP recorded a 48.4% y/y drop in its consolidated net profit to HRK 0.5mn in the first half of the year, the company's preliminary results showed. Total revenues of the company reached HRK 6.6mn, up by 3.5% y/y, while total expenditures decreased by 16.8% y/y to HRK 5.9mn, up by. Sales revenues of HEP increased by 2.3% y/y to HRK 6.1mn.
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