Croatia's Dalekovod swings to 9-mo cons net profit

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)