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Ilirija Q3 profit climbs YOY

Ilirija d.d. said its third-quarter normalized net income was 19.7 million kuna, an increase from 19.0 million kuna in the year-earlier period.

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

The normalized profit margin rose to 30.4% from 30.1% in the year-earlier period.

Total revenue rose year over year to 64.1 million kuna from 63.3 million kuna, and total operating expenses rose from the prior-year period to 33.3 million kuna from 32.2 million kuna.

Reported net income came to 31.2 million kuna, compared with 28.4 million kuna in the year-earlier period.

As of Oct. 17, US$1 was equivalent to 6.84 kuna.