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Atlantic Grupa Q1 profit climbs 6.1% YOY

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Atlantic Grupa Q1 profit climbs 6.1% YOY

Atlantic Grupa d.d. said its first-quarter normalized net income amounted to 10.71 kuna per share, a gain of 6.1% from 10.09 kuna per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 35.7 million kuna, an increase of 6.1% from 33.6 million kuna in the prior-year period.

The normalized profit margin rose to 3.1% from 2.9% in the year-earlier period.

Total revenue totaled 1.16 billion kuna, compared with 1.17 billion kuna in the year-earlier period, and total operating expenses came to 1.09 billion kuna, compared with 1.09 billion kuna in the year-earlier period.

Reported net income rose year over year to 45.3 million kuna, or 13.59 kuna per share, from 44.6 million kuna, or 13.37 kuna per share.

As of April 28, US$1 was equivalent to 6.62 kuna.