trending Market Intelligence /marketintelligence/en/news-insights/trending/t_jA-l63hhbTwiYWXiTgig2 content esgSubNav
In This List

Enervit Q3 profit falls YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Enervit Q3 profit falls YOY

Enervit SpA said its third-quarter normalized net income came to €176,080, a decrease of 74.3% from €683,820 in the year-earlier period.

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

The normalized profit margin dropped to 1.6% from 5.9% in the year-earlier period.

Total revenue fell year over year to €11.1 million from €11.5 million, and total operating expenses rose year over year to €10.8 million from €10.4 million.

Reported net income declined 87.6% from the prior-year period to €91,890, or 1 cents per share, from €739,880, or 4 cents per share.