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Hoteli Zivogosce Q3 profit climbs YOY

Hoteli Zivogosce d.d. said its third-quarter normalized net income came to 10.3 million kuna, a rise from 911,600 kuna 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 24.5% from 2.4% in the year-earlier period.

Total revenue increased 28.4% on an annual basis to 48.5 million kuna from 37.7 million kuna, and total operating expenses declined 9.8% from the prior-year period to 29.3 million kuna from 32.5 million kuna.

Reported net income rose from the prior-year period to 16.5 million kuna, or 6.69 kuna per share, from 1.5 million kuna.

As of Oct. 28, US$1 was equivalent to 6.87 kuna.