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Bodegas Riojanas Q3 profit climbs 41.9% YOY

Bodegas Riojanas SA said its third-quarter normalized net income amounted to €186,250, an increase of 41.9% from €131,250 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 4.6% from 3.6% in the year-earlier period.

Total revenue grew 12.7% on an annual basis to €4.1 million from €3.6 million, and total operating expenses grew 10.8% from the prior-year period to €3.6 million from €3.2 million.

Reported net income came to €206,000, compared with €121,000 in the prior-year period.