Ormat Industries Posts Q4 Profit

Ormat Industries swung to a profit in the fourth quarter. Ormat Industries posted a quarterly net profit of $7.7 million, versus a year-ago loss of $187.8 million. Its revenue surged to $130.9 million versus $116.1 million. Ormat Industries also declared a dividend of $6 million, or 0.18 shekel per share.