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Kofola CeskoSlovensko Q3 profit falls YOY

Kofola CeskoSlovensko a.s. said its third-quarter normalized net income amounted to 4.39 Czech koruny per share, a decrease of 11.3% from 4.95 koruny per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 97.9 million koruny, a decline of 10.3% from 109.1 million koruny in the year-earlier period.

The normalized profit margin climbed to 5.1% from 5.0% in the year-earlier period.

Total revenue decreased 11.4% on an annual basis to 1.92 billion koruny from 2.17 billion koruny, and total operating expenses declined 10.4% year over year to 1.75 billion koruny from 1.96 billion koruny.

Reported net income decreased 14.7% on an annual basis to 138.2 million koruny, or 6.20 koruny per share, from 162.0 million koruny, or 7.35 koruny per share.

As of Nov. 7, US$1 was equivalent to 24.49 Czech koruny.