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CONCERN "KONCAR" INCREASES SALES, EXPORTS

ZAGREB, July 11 (Hina) - In the first five months of 2002, the concern "Koncar" has realised an income totalling 691.5 million kuna, which is a 19-percent increase as against last year, the company reported.
ZAGREB, July 11 (Hina) - In the first five months of 2002, the concern "Koncar" has realised an income totalling 691.5 million kuna, which is a 19-percent increase as against last year, the company reported. #L# Sales account for the largest part of the income - 97 percent, followed by financial and other income. Income from the sale of products and services in said period amounted to 567.6 million kuna, an increase of 18 percent. Domestic sales totalled 309.6 million kuna, an increase of 21 percent, while foreign sales amounted to 258 million kuna, which is a rise of 14 percent. The concern's Energy and Transport sector accounted for 66 percent of all sales and increased by 28 percent in relation to the year before. Industry and Trade sectors also increased their sales by eight and 11 percent respectively. The Croatian Power Industry (HEP) has remained the concern's biggest domestic client, accounting for 38 percent of domestic sales. It is followed by clients from the areas of trade and farming, the Croatian Railways, the shipping industry, etc. The company's most important foreign clients are Bosnia- Herzegovina, which accounted for 37.2 million kuna of sales in the first five months, Yugoslavia, with 21.9 million kuna, and Nigeria, with 21.4 million kuna. The three countries are followed by Slovenia (19.4 million), Germany (18.4 million), the Czech Republic (12.7 million), Sweden and Saudi Arabia (11 million each), Cyprus (10.3 million), and the United Arab Emirates (9.4 million). These countries account for 67 percent of Koncar's exports. The company's most successful exporter units are Distribution and Special Transformers, Power and Transport Engineering, Measuring Transformers, Generators and Engines, Switch Units, and Household Appliances. (1 EUR = 7.33 kuna) (hina) rml

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