Business News

Iskra Avtoelektrika With Upbeat Nine-Month Performance

Sempeter pri Gorici, 25 November (STA) - The group around car electronics manufacturer Iskra Avtoelektrika reported EUR 3.2m in net profit for the first nine months of this year. Sales revenues stood at EUR 159.3m.

The group's core company, based in Sempeter pri Gorici, recorded EUR 118.2m in sales revenues and a EUR 1.7m profit, after ending the same period last year EUR 12m in the red.

The profit, coming after bleak forecasts, comes as a result of cost management and the stable business secured by orders in the last quarter.

Orders surpassed expectations by far, with sales up on all markets, including the most important markets in Europe and the US. The number of workers has also increased in the past year, from 1,532 to 2,524.

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