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Vilkyskiu Pienine Q3 profit climbs YOY

AB Vilkyskiu pienine said its third-quarter normalized net income came to 15 euro cents per share, an increase from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.8 million, a gain from €136,880 in the prior-year period.

The normalized profit margin increased to 6.8% from 0.7% in the year-earlier period.

Total revenue increased 28.3% on an annual basis to €26.8 million from €20.9 million, and total operating expenses increased 15.4% on an annual basis to €23.8 million from €20.6 million.

Reported net income increased year over year to €2.8 million, or 23 cents per share, from €333,000, or 3 cents per share.