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Adriatic Croatia International Club profit holds mostly steady YOY in Q3

Adriatic Croatia International Club d.d. said its third-quarter normalized net income came to 165.91 kuna per share, compared with 166.48 kuna per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.4 million kuna, compared with 18.5 million kuna in the year-earlier period.

The normalized profit margin fell to 26.3% from 27.2% in the year-earlier period.

Total revenue climbed year over year to 70.1 million kuna from 68.0 million kuna, and total operating expenses grew from the prior-year period to 41.3 million kuna from 40.5 million kuna.

Reported net income came to 29.5 million kuna, or 265.45 kuna per share, compared to 29.6 million kuna, or 266.37 kuna per share, in the prior-year period.

As of Oct. 31, US$1 was equivalent to 6.85 kuna.