October 31 (SeeNews) - Croatian power transmission equipment manufacturer Dalekovod [ZSE:DLKV] said it turned to a consolidated net profit of 22.4 million kuna ($3.4 million/3.0 million euro) in the first nine months of 2019, from a loss of 45.5 million kuna in the like period of last year.
The company's consolidated nine-month operating revenue fell 3.2% to 886.6 million kuna, while operating expenses dropped to 894.6 million kuna from 952.6 million, Dalekovod said in its January-September 2019 financial report filed with the Zagreb Stock Exchange (ZSE) on Wednesday.
Dalekovod also swung to positive consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of 19 million kuna in January-September, from a negative EBITDA of 3.9 million kuna a year earlier.
Dalekovod's shares traded at 5.30 kuna by 1006 CET on Thursday on ZSE, up 1.15% from Wednesday's close.
(1 euro = 7.43901 kuna)