Mlinotest Zivilska Industrija d.d. said its third-quarter normalized net income was €274,890, a gain from €96,950 in the prior-year period.

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

The normalized profit margin rose to 1.9% from 0.7% in the year-earlier period.

Total revenue increased year over year to €14.6 million from €14.3 million, and total operating expenses decreased on an annual basis to €14.1 million from €14.4 million.

Reported net income came to €249,250, compared with €28,190, or 1 cents per share, in the prior-year period.