Croatia's Dalekovod Sells Expanded Metal Factory

Croatian power transmission equipment maker Dalekovod [ZSE:DLKV-R-A] said on Tuesday it has finalised the sale of its Dalekovod TIM unit to Pula-based Signal Sistem.

Dalekovod said in a bourse filing it has sold to the buyer 254,056 shares of Dalekovod TIM, which manufactures expanded metal products, with a combined nominal value of 25.4 million kuna ($3.7 million/3.3 million euro).

Dalekovod manufactures transmission lines, substations, low-voltage network equipment, fibre-optic cable equipment, suspension and jointing equipment, contact networks, lighting and reflector pylons, metal structures and antenna pylons.

The company turned to a consolidated net profit of 128 million kuna last year from a loss of 123 million kuna a year earlier.

Source: SeeNews