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General

Ericsson Nikola Tesla operating profit down 15% to HRK 76 mln

Thursday 29 October 2020 | 14:55 CET | News
Ericsson Nikola Tesla reported sales revenue of HRK 1.44 billion for the first nine months of 2020, up 15.2 percent year-on-year thanks mainly to its new network services contract with Hrvatski Telekom. The company's gross margin fell to 8.6 percent gross margin from 10.1 percent, and along with an increase in operating expenses, led to operating profit down 14.7 percent year-on-year to HRK 76.2 million. Net profit reached HRK 67.2 million, down 16.8 percent. 

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Categories: General
Companies: Ericsson / Ericsson Nikola Tesla
Countries: Croatia (Hrvatska)
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