April 29 (SeeNews) - Croatian power transmission equipment manufacturer Dalekovod [ZSE:DLKV] reported a consolidated net profit of 1.2 million euro ($1.3million) in the first quarter of this year, following a net loss of 350,000 in the same period of 2023.
EBITDA reached 2.7 million euro, which was 1.8 million euro higher compared to the first quarter of 2023, Dalekovod said in a filing to the Zagreb bourse on Friday. EBITDA margin rose to 7.2% from 3.1%.
The group’s operating revenue amounted to 36.7 million, which represents a 30% annual increase. Sales revenue rose 29% to 36.1 million euro.
Operating costs widened to 35 million euro from 28.2 million.
Dalekovod’s shares traded 0.80% higher at 2.52 euro intraday on April 29 on the Zagreb bourse.
($ = 0.933 euro)