trending Market Intelligence /marketintelligence/en/news-insights/trending/uwXU-XDWKWX3OCNLHGnO_g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

ÂŽItnjak Q2 profit falls YOY


ESG hits the mainstream for European private equity sponsors


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


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

ÂŽItnjak Q2 profit falls YOY

Žitnjak proizvodnja i promet robom d.d. said its normalized net income for the second quarter amounted to 1.90 kuna per share, a decrease of 58.6% from 4.59 kuna per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 390,650 kuna, a decline of 58.6% from 944,650 kuna in the prior-year period.

The normalized profit margin fell to 6.5% from 7.6% in the year-earlier period.

Total revenue decreased 51.5% year over year to 6.0 million kuna from 12.5 million kuna, and total operating expenses fell 46.5% on an annual basis to 6.2 million kuna from 11.6 million kuna.

Reported net income declined 58.6% on an annual basis to 625,040 kuna, or 3.04 kuna per share, from 1.5 million kuna, or 7.35 kuna per share.

As of July 17, US$1 was equivalent to 7.00 kuna.