North European Oil Royalty Trust reports Q3 net income up 6.69% to $1.36M; distributions rise to $0.15/unit

NORTH EUROPEAN OIL ROYALTY TRUST

Q3 total royalty income $1.48M, +5.81% YoY; net income $1.36M, +6.69% YoY.
Q3 distribution per unit $0.15, up 36.36% from $0.11; paid Aug 25 to holders of record Aug 13.
Trust expenses fell 3.5% to $117.5K vs $121.8K in prior year quarter.
Nine-month net income declined 12.84% to $2.67M; royalty income down 14.51% due to lower gas sales.
Current quarter benefited from $50.2K in Mobil sulfur royalties; no prior-period adjustments.

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