Saponia d.d. said its normalized net income for the first quarter was 4.13 kuna per share, an increase of 48.6% from 2.78 kuna per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.7 million kuna, a gain of 48.6% from 1.8 million kuna in the prior-year period.
The normalized profit margin increased to 1.1% from 0.9% in the year-earlier period.
Total revenue climbed 10.8% year over year to 236.2 million kuna from 213.3 million kuna, and total operating expenses rose 9.9% on an annual basis to 228.4 million kuna from 207.9 million kuna.
Reported net income rose 66.4% from the prior-year period to 4.4 million kuna, or 6.64 kuna per share, from 2.6 million kuna, or 3.99 kuna per share.
As of May 4, US$1 was equivalent to 6.80 kuna.
