Croatia's Dalekovod 9-Mo Non-consolidated Net Profit Up 74.5% Y/Y

The profit growth is due mainly to cost optimisation and the significant revenue rise, Dalekovod said in a statement to the Zagreb stock Exchange.

Its total revenue rose 40.5% year-on-year to 1.422 billion kuna in the first nine months of the year. Costs reached 1.371 billion kuna from 985.8 million a year earlier.

Dalekovod ( www.dalekovod.hr ) manufactures suspension and jointing materials, lighting poles and other metal structures.

Its shares traded at 530 kuna on Friday at 1240 GMT on the Zagreb Stock Exchange, up from Thursday’s close of some 520 kuna. They are part of the bourse's 28-share benchmark Crobex index.

(1 euro = 7.1655 Croatian kuna)