trending Market Intelligence /marketintelligence/en/news-insights/trending/u7z-U7G3eRNnSdgL9n4-aA2 content esgSubNav
In This List

Kutjevo Q3 profit climbs 53.2% YOY

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

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Kutjevo Q3 profit climbs 53.2% YOY

Kutjevo d.d. said its third-quarter normalized net income came to 2.8 million kuna, a gain of 53.2% from 1.8 million kuna in the prior-year period.

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

The normalized profit margin climbed to 3.7% from 2.2% in the year-earlier period.

Total revenue decreased 10.6% on an annual basis to 75.2 million kuna from 84.2 million kuna, and total operating expenses fell 12.8% on an annual basis to 69.3 million kuna from 79.5 million kuna.

Reported net income totaled 4.6 million kuna, compared with 3.0 million kuna in the year-earlier period.

As of Nov. 4, US$1 was equivalent to 6.75 kuna.