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Croatias Ingra 2013 net loss widens 41% to EUR 25mn

February 20, 2014

Croatian construction company Ingra said on Feb 19 its 2013 net loss widened 41% y/y to preliminary HRK 194mn (EUR 25mn).

Ingra's total revenue increased by 11% on the year to HRK 121mn in 2013, while the total costs rose by an annual 28% to HRK 315mn, the company said in a preliminary statement posted on the website of the Zagreb burse.

In July 2013 Ingra wrapped up works on hydropower plant Haditha, while in December it successfully completed works on the Dokan hydropower plant, both located in Iraq. In December it also completed the motorway section Vrgorac – Ploce, part of the A1 motorway Zagreb-Split-Dubrovnik.

Ingra's key markets are Croatia, Southeast Europe, North Africa, Iraq and Russia.

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Source: IntelliNews - Weekly Reports

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