Mlinotest Zivilska Industrija d.d. said its normalized net income for the third quarter amounted to €284,030, an increase from €274,890 in the year-earlier period.

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

The normalized profit margin increased to 1.9% from 1.9% in the year-earlier period.

Total revenue totaled €14.6 million, compared with €14.6 million in the prior-year period, and total operating expenses decreased from the prior-year period to €14.0 million from €14.1 million.

Reported net income totaled €392,530, compared with €249,250 in the year-earlier period.