Ericsson Nikola Tesla d.d. Announces Unaudited Earnings Results for the Year Ended Dec. 31, 2017; Provides Revenue Guidance for the Year 2018
Ericsson Nikola Tesla d.d. announced unaudited earnings results for the year ended Dec. 31, 2017. For the year, sales revenue was HRK 1,481.6 million against HRK 1,591.6 million a year ago. Operating profit was HRK 75.7 million against HRK 113.6 million a year ago. Profit before tax was HRK 73.0 million against HRK 118.8 million a year ago. Net profit was HRK 67.9 million against HRK 110.7 million a year ago. Cash flow from operating activities was HRK 108.2 million against HRK 187 million a year ago.
For 2018, the company expects an increase in sales revenue, primarily in Bosnia and Herzegovina, after the regulatory framework for the introduction of 4G networks becomes effective.