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Duni AB Q1 profit climbs 56.3% YOY

Duni AB said its normalized net income for the first quarter came to 1.33 Swedish kronor per share, an increase of 56.3% from 85 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 62.5 million kronor, an increase of 56.3% from 40.0 million kronor in the prior-year period.

The normalized profit margin rose to 6.1% from 4.9% in the year-earlier period.

Total revenue grew 28.0% on an annual basis to 1.05 billion kronor from 817.0 million kronor, and total operating expenses rose 25.4% year over year to 942.0 million kronor from 751.0 million kronor.

Reported net income grew 58.6% year over year to 73.8 million kronor, or 1.57 kronor per share, from 46.5 million kronor, or 99 öre per share.

As of April 24, US$1 was equivalent to 8.63 Swedish kronor.