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Mlinotest Zivilska Industrija Q2 profit falls YOY

Mlinotest Zivilska Industrija d.d. said its normalized net income for the second quarter amounted to 4 euro cents per share, a decline of 10.3% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €124,900, a decrease of 10.3% from €139,290 in the prior-year period.

The normalized profit margin declined to 0.9% from 1.0% in the year-earlier period.

Total revenue came to €14.2 million, compared with €14.3 million in the prior-year period, and total operating expenses totaled €14.1 million, compared with €14.1 million in the year-earlier period.

Reported net income decreased 11.9% year over year to €270,930, or 8 cents per share, from €307,430, or 9 cents per share.