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Koka Q1 profit climbs 36.2% YOY

Koka d.d. said its normalized net income for the first quarter amounted to 930,580 kuna, a rise of 36.2% from 683,260 kuna in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.3% from 0.2% in the year-earlier period.

Total revenue totaled 276.7 million kuna, compared with 275.2 million kuna in the year-earlier period, and total operating expenses totaled 273.5 million kuna, compared with 272.4 million kuna in the prior-year period.

Reported net income totaled 1.2 million kuna, compared with 874,580 kuna in the year-earlier period.

As of April 30, US$1 was equivalent to 6.75 kuna.