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Turism Felix Q3 profit climbs 18.0% YOY

S.C. Turism Felix SA said its third-quarter normalized net income was 7.7 million lei, a gain of 18.0% from 6.5 million lei in the year-earlier period.

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

The normalized profit margin increased to 25.4% from 24.4% in the year-earlier period.

Total revenue rose 13.0% on an annual basis to 30.1 million lei from 26.6 million lei, and total operating expenses grew 10.7% year over year to 17.8 million lei from 16.1 million lei.

Reported net income rose 17.1% from the prior-year period to 10.8 million lei, or 2 bani per share, from 9.3 million lei.

As of Nov. 15, US$1 was equivalent to 4.21 Romanian lei.