ZAGREB, May 24 (Hina) - Croatia's electric equipment and machine manufacturer "Koncar" made a profit of US$3 million in 1998. Last year's earnings reached US$143 million, i.e. 1.5 percent more that the year before, the head of
Koncar-Elektroindustrija's management Darinko Bago told a press conference in Zagreb on Monday. Koncar's export increased by 33.6 percent in relation to the year before, while the sale of products and services on the domestic market decreased by 18 percent. Bago said that later next month, the Koncar management will present a programme on the future course of Koncar's privatisation process to its privatisation coordinators, Deutsche Morgan Grenfell and the Zagrebacka Banka. (hina) it jn/ha
ZAGREB, May 24 (Hina) - Croatia's electric equipment and machine
manufacturer "Koncar" made a profit of US$3 million in 1998.
Last year's earnings reached US$143 million, i.e. 1.5 percent more
that the year before, the head of Koncar-Elektroindustrija's
management Darinko Bago told a press conference in Zagreb on
Monday.
Koncar's export increased by 33.6 percent in relation to the year
before, while the sale of products and services on the domestic
market decreased by 18 percent.
Bago said that later next month, the Koncar management will present
a programme on the future course of Koncar's privatisation process
to its privatisation coordinators, Deutsche Morgan Grenfell and
the Zagrebacka Banka.
(hina) it jn/ha