trending Market Intelligence /marketintelligence/en/news-insights/trending/rfmTSPXYW6iw7us30a_ICQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kutjevo swings to loss in Q2


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 3: Transformation of Customer Experience in 2020


Episode 2: Origins of 451 Research - Part 2

Kutjevo swings to loss in Q2

Kutjevo d.d. said its second-quarter normalized net income amounted to 6,020 kuna, compared with income of 200,910 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 declined to negative 0.0% from 0.3% in the year-earlier period.

Total revenue fell 6.8% on an annual basis to 72.0 million kuna from 77.2 million kuna, and total operating expenses declined 6.8% on an annual basis to 70.0 million kuna from 75.1 million kuna.

Reported net income totaled a loss of 34,470 kuna, compared with income of 294,720 kuna in the prior-year period.

As of Aug. 8, US$1 was equivalent to 6.75 kuna.