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HUP-Zagreb Q2 profit climbs 7.5% YOY

HUP-Zagreb d.d. said its second-quarter normalized net income came to 12.3 million kuna, a rise of 7.5% from 11.5 million kuna in the year-earlier period.

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

The normalized profit margin climbed to 17.1% from 15.4% in the year-earlier period.

Total revenue climbed 6.0% on an annual basis to 78.9 million kuna from 74.4 million kuna, and total operating expenses rose 5.5% on an annual basis to 57.3 million kuna from 54.3 million kuna.

Reported net income totaled 17.5 million kuna, compared with 17.8 million kuna in the year-earlier period.

As of July 24, US$1 was equivalent to 6.91 kuna.