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Mackmyra Svensk Whisky Q3 loss narrows YOY

Mackmyra Svensk Whisky AB said its third-quarter normalized net income amounted to a loss of 51 Swedish öre per share, compared with a loss of 68 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 4.6 million kronor, compared with a loss of 5.6 million kronor in the year-earlier period.

The normalized profit margin rose to negative 34.3% from negative 49.2% in the year-earlier period.

Total revenue grew 18.8% year over year to 13.4 million kronor from 11.3 million kronor, and total operating expenses grew on an annual basis to 18.8 million kronor from 17.9 million kronor.

Reported net income totaled a loss of 7.4 million kronor, or a loss of 81 öre per share, compared to a loss of 8.9 million kronor, or a loss of 1.09 kronor per share, in the year-earlier period.

As of Nov. 18, US$1 was equivalent to 8.74 Swedish kronor.