March 2 (SeeNews) - Croatian power transmission equipment manufacturer Dalekovod [ZSE:DLKV] said it turned to a consolidated net profit of 9.2 million kuna ($1.4 million/1.2 million euro) in 2019, from a loss of 119.6 million kuna the year before.
The company's consolidated operating revenue grew 5% to 1.288 billion kuna, while operating expenses dropped 1% to 1.296 billion kuna, Dalekovod said in its 2019 financial report filed with the Zagreb Stock Exchange (ZSE) on Friday.
Dalekovod also swung to positive consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of 41.7 million kuna in 2019, from a negative EBITDA of 42.5 million kuna a year earlier.
Dalekovod's shares closed 4.3% lower at 4.90 kuna on Friday on the ZSE. They did not trade at opening on Monday.
(1 euro = 7.47634 kuna)