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Vilniaus degtine Q2 profit climbs 67.4% YOY


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Vilniaus degtine Q2 profit climbs 67.4% YOY

AB Vilniaus degtine said its normalized net income for the second quarter amounted to €402,100, an increase of 67.4% from €240,260 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 7.8% from 5.1% in the year-earlier period.

Total revenue grew 9.0% year over year to €5.2 million from €4.7 million, and total operating expenses grew from the prior-year period to €4.5 million from €4.4 million.

Reported net income grew 59.9% from the prior-year period to €593,870, or 3 cents per share, from €371,430, or 2 cents per share.