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Motodynamic Q3 profit climbs YOY

Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis SA said its normalized net income for the third quarter amounted to €211,320, a gain from €57,440 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 1.8% from 0.6% in the year-earlier period.

Total revenue increased 18.0% on an annual basis to €11.9 million from €10.1 million, and total operating expenses increased 16.1% on an annual basis to €11.5 million from €9.9 million.

Reported net income increased from the prior-year period to €301,150, or 3 cents per share, from €83,490, or 1 cents per share.