trending Market Intelligence /marketintelligence/en/news-insights/trending/BegHdra2dh00lTgUUJEuEg2 content esgSubNav
In This List

Utenos Trikotazas swings to profit in Q2

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


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.