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Vilniaus degtine Q3 profit climbs YOY

AB Vilniaus degtine said its third-quarter normalized net income came to €397,990, a rise from €172,310 in the prior-year period.

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

The normalized profit margin climbed to 7.2% from 3.3% in the year-earlier period.

Total revenue rose 6.3% on an annual basis to €5.5 million from €5.2 million, and total operating expenses came to €4.8 million, compared with €4.9 million in the prior-year period.

Reported net income rose from the prior-year period to €536,270, or 2 cents per share, from €261,000, or 1 cents per share.