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Tisak Q2 profit climbs 59.2% YOY

Tisak d.d. said its normalized net income for the second quarter was 1.2 million kuna, a rise of 59.2% from 756,540 kuna in the year-earlier period.

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

The normalized profit margin climbed to 0.2% from 0.1% in the year-earlier period.

Total revenue came to 707.4 million kuna, compared with 701.2 million kuna in the prior-year period, and total operating expenses came to 699.0 million kuna, compared with 695.1 million kuna in the prior-year period.

Reported net income totaled 634,490 kuna, compared with 652,860 kuna in the prior-year period.

As of July 29, US$1 was equivalent to 6.69 kuna.