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Slantcho Q1 profit climbs YOY

Slantcho AD said its normalized net income for the first quarter came to 6 stotinki per share, a gain from 3 stotinki per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 214,380 leva, an increase from 101,250 leva in the year-earlier period.

The normalized profit margin climbed to 18.8% from 10.4% in the year-earlier period.

Total revenue increased 16.8% year over year to 1.1 million leva from 975,000 leva, and total operating expenses increased from the prior-year period to 854,000 leva from 818,000 leva.

Reported net income increased on an annual basis to 301,000 leva, or 9 stotinki per share, from 147,000 leva, or 5 stotinki per share.

As of April 22, US$1 was equivalent to 1.82 leva.