Croatia's Ericsson Nikola Tesla's Net Profit up in H1

By 27 July 2021
Croatia's Ericsson Nikola Tesla's Net Profit up in H1

ZAGREB, 27 July, 2021 - In H1 2021, Croatian telecommunication equipment manufacturer Ericsson Nikola Tesla generated a net profit of HRK 101.4 million, up 190% on the year, the ICT company said in a press release on Tuesday.

The company's gross profit amounts to HRK 154.3 billion, up 105.1% on the year.

The company's sales revenues rose by 5% to HRK 1.01 billion in the first six months of 2021. Of the total sales revenues, 44.1% was generated on the domestic market, services to parent Ericsson accounted for 44.9%, while other export markets contributed 11%.

In the said period, sales revenues on the domestic market amounted to HRK 447 million, up 6.2%, while sales revenues on foreign markets (without services to parent Ericsson) increased by 5.7% to HRK 111.5 million.

(€1 = HRK 7.5)

For more about business in Croatia, follow TCN's dedicated page.