Koncar's Revenue 26.4% Higher Than 2021's in Third Quarter of 2022
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Loading... - Petar Tomic
- 01 Nov 2022
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As Mladen Miletic/Poslovni Dnevnik writes, in the third quarter of 2022, Koncar, the largest Croatian exporter and regional leader in the country's power industry, achieved an impressive increase in revenue from the sale of its products and services by 635.9 million kuna, which represents a 26.4% increase in comparison to the results recorded back during same period in what was for this company, a record-breaking 2021.
As much as 61.1% of Koncar's overall income was generated on foreign markets, and at the same time, the growth of newly contracted business and orders was also recorded, which inspires optimism for the future. Along with excellent results in the commercial part of the business, good financial results were also achieved, whereby the consolidated net profit of Koncar's companies amounted to 277.3 million kuna which is equal to 123.9 million kuna or an 80.7 percent increase compared to the same period last year.
With the inclusion of Dalekovod, sales revenues increased by 524.3 million kuna and amounted to 3.562 billion kuna in total. Here on the domestic market, Koncar's companies achieved revenues in the amount of 1.184 billion kuna, which is 268.1 million kuna or 29.3% more than back during the same period last year.
When it comes to exports successfully realised by Koncar, the most significant results were achieved on the demanding German market (332.7 million kuna), which is 40 million kuna more than last year. Read More...
