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SC Boromir Prod Q3 profit falls YOY

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SC Boromir Prod Q3 profit falls YOY

S.C. Boromir Prod SA said its third-quarter normalized net income was 226,100 lei, a fall of 42.7% from 394,350 lei in the prior-year period.

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

The normalized profit margin declined to 1.5% from 2.6% in the year-earlier period.

Total revenue climbed on an annual basis to 15.4 million lei from 15.0 million lei, and total operating expenses increased 4.9% year over year to 15.0 million lei from 14.3 million lei.

Reported net income totaled a loss of 35,880 lei, or a loss of 0 bani per share, compared to income of 630,950 lei, or 0 bani per share, in the prior-year period.

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