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Albena AD Q3 profit climbs 10.6% YOY

4980737 said its normalized net income for the third quarter came to 4.60 leva per share, a gain of 10.6% from 4.15 leva per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 19.1 million leva, an increase of 10.6% from 17.2 million leva in the year-earlier period.

The normalized profit margin rose to 27.0% from 25.4% in the year-earlier period.

Total revenue climbed on an annual basis to 69.1 million leva from 67.8 million leva, and total operating expenses declined year over year to 38.1 million leva from 40.0 million leva.

Reported net income rose 10.6% on an annual basis to 30.4 million leva, or 7.33 leva per share, from 27.4 million leva, or 6.62 leva per share.

s of Nov. 26, US$1 was equivalent to 1.84 leva.Albena AD

4980737 said its normalized net income for the third quarter came to 4.60 leva per share, a gain of 10.6% from 4.15 leva per share in the prior-year period.