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Gubernija Q3 profit falls YOY

4913059 said its third-quarter normalized net income was €12,500, a decline of 74.4% from €48,750 in the year-earlier period.

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

The normalized profit margin declined to 0.5% from 2.5% in the year-earlier period.

Total revenue decreased 5.6% on an annual basis to €1.9 million from €2.0 million, and total operating expenses declined on an annual basis to €1.8 million from €1.8 million.

eported net income decreased 72.0% from the prior-year period to €23,000, or 0 cents per share, from €82,000, or 1 cents per share.AB Gubernija

4913059 said its third-quarter normalized net income was €12,500, a decline of 74.4% from €48,750 in the year-earlier period.