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Aroma AD Q3 profit falls YOY


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Aroma AD Q3 profit falls YOY

Aroma AD said its third-quarter normalized net income amounted to 2 stotinki per share, a decrease of 9.7% from 3 stotinki per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 368,750 leva, a decline of 9.6% from 408,130 leva in the year-earlier period.

The normalized profit margin dropped to 5.3% from 5.5% in the year-earlier period.

Total revenue fell 6.5% on an annual basis to 6.9 million leva from 7.4 million leva, and total operating expenses decreased 5.5% from the prior-year period to 6.3 million leva from 6.6 million leva.

Reported net income decreased 8.7% from the prior-year period to 596,000 leva, or 4 stotinki per share, from 653,000 leva, or 4 stotinki per share.

As of Nov. 25, US$1 was equivalent to 1.85 leva.