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Zwack Unicum fiscal Q1 profit climbs 15.3% YOY

Zwack Unicum Nyrt. said its normalized net income for the fiscal first quarter ended June 30 was 291.3 million forints, a rise of 15.3% from 252.5 million forints in the year-earlier period.

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

The normalized profit margin increased to 10.5% from 9.3% in the year-earlier period.

Total revenue grew on an annual basis to 2.78 billion forints from 2.73 billion forints, and total operating expenses fell year over year to 2.35 billion forints from 2.37 billion forints.

Reported net income decreased from the prior-year period to 335.0 million forints, or 167.50 forints per share, from 344.0 million forints.

As of Aug. 5, US$1 was equivalent to 235.84 forints.