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Nama Q3 profit climbs 10.3% YOY

Nama d.d. said its third-quarter normalized net income was 49 euro cents per share, a gain of 10.3% from 45 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €468,900, an increase of 10.3% from €425,220 in the year-earlier period.

The normalized profit margin fell to 12.9% from 14.2% in the year-earlier period.

Total revenue rose 21.2% on an annual basis to €3.6 million from €3.0 million, and total operating expenses climbed 24.9% year over year to €2.9 million from €2.3 million.

Reported net income increased from the prior-year period to €234,980, or 25 cents per share, from €3,910, or 0 cents per share.