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Neste Q3 profit climbs 12.7% YOY

Neste Oyj said its third-quarter normalized net income amounted to 80 euro cents per share, compared with the S&P Capital IQ consensus estimate of 79 cents per share.

EPS increased 11.7% year over year from 72 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €205.9 million, an increase of 12.7% from €182.8 million in the prior-year period.

The normalized profit margin climbed to 6.4% from 6.0% in the year-earlier period.

Total revenue climbed 6.4% year over year to €3.23 billion from €3.03 billion, and total operating expenses rose 6.0% on an annual basis to €2.90 billion from €2.73 billion.

Reported net income rose 6.0% from the prior-year period to €267.0 million, or €1.04 per share, from €252.0 million, or 99 cents per share.