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Ilirija Q1 profit climbs 16.3% YOY

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Ilirija Q1 profit climbs 16.3% YOY

Ilirija d.d. said its normalized net income for the first quarter came to 989,340 kuna, a gain of 16.3% from 850,340 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 rose to 6.0% from 5.4% in the year-earlier period.

Total revenue grew on an annual basis to 16.5 million kuna from 15.9 million kuna, and total operating expenses increased year over year to 14.7 million kuna from 14.3 million kuna.

Reported net income came to 1.4 million kuna, compared with 1.2 million kuna in the year-earlier period.

As of April 29, US$1 was equivalent to 6.78 kuna.