trending Market Intelligence /marketintelligence/en/news-insights/trending/we-8Q_0KN_mnnkcVxw8XBw2 content esgSubNav
In This List

AB Zemaitijos pienas H1 profit climbs 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


AB Zemaitijos pienas H1 profit climbs YOY

AB Zemaitijos pienas said its normalized net income for the first half amounted to 5 euro cents per share, a gain of 64.8% from 3 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.7 million, an increase from €1.3 million in the year-earlier period.

Total revenue fell 7.5% year over year to €67.1 million from €72.5 million, and total operating expenses fell 10.4% from the prior-year period to €62.8 million from €70.2 million.

Reported net income rose year over year to €3.6 million, or 7 cents per share, from €1.2 million, or 3 cents per share.