trending Market Intelligence /marketintelligence/en/news-insights/trending/BegHdra2dh00lTgUUJEuEg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Utenos Trikotazas swings to profit in Q2


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020

Utenos Trikotazas swings to profit in Q2

AB Utenos Trikotazas said its second-quarter normalized net income came to €110,380, compared with a loss of €57,630 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 2.3% from negative 1.4% in the year-earlier period.

Total revenue increased 15.9% year over year to €4.8 million from €4.1 million, and total operating expenses grew 7.5% year over year to €4.6 million from €4.3 million.

Reported net income totaled €206,000, or 2 cents per share, compared to a loss of €71,000, or a loss of 1 cents per share, in the prior-year period.