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Kras Q2 profit climbs 17.1% YOY

Kras d.d. said its second-quarter normalized net income was 2.3 million kuna, a gain of 17.1% from 2.0 million kuna in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.0% from 0.8% in the year-earlier period.

Total revenue totaled 240.8 million kuna, compared with 241.7 million kuna in the prior-year period, and total operating expenses came to 238.8 million kuna, compared with 237.4 million kuna in the prior-year period.

Reported net income totaled 2.8 million kuna, compared with 2.4 million kuna in the year-earlier period.

As of July 29, US$1 was equivalent to 6.89 kuna.