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2005 - successful year for Koncar concern

ZAGREB, Dec 26(Hina) - The leading Croatian company in the productionof electrical devices, equipment, plants and in services forelectrical power generation, transmission and distribution will havethe consolidated income totalling 1.8 billion kuna from the sale ofits products and services in 2005, which was a 11-percent rise from2004.
ZAGREB, Dec 26(Hina) - The leading Croatian company in the production of electrical devices, equipment, plants and in services for electrical power generation, transmission and distribution will have the consolidated income totalling 1.8 billion kuna from the sale of its products and services in 2005, which was a 11-percent rise from 2004.

This year's profit will come to 8.8 million kuna as planned, the CEO of the Koncar Group, Darinko Bago, said at a news conference in Zagreb last week.

The sales on the foreign markets account for 40 percent of all sales, which is a rise of eight percent as against 2004.

2005 was marked with the start of the delivery of the first 70 low-floor tram cars from tmk 2200 series to the Zagreb public transport company called ZET

This year, the first ten trams were delivered and the rest of 60 trams would be handed over in 2006 and 2007.

This year, the company invested 90 million kuna in equipment and tools, and is planning to increase this sum to 110 million kuna next year.

Bago told reporters that Koncar was also planning to increase the sale of its products and services by 11 percent in 2006.

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