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Mackmyra Svensk Whisky profit holds relatively steady YOY in Q1

Mackmyra Svensk Whisky AB said its first-quarter normalized net income was a loss of 52 Swedish öre per share, compared with a loss of 57 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 a loss of 4.7 million kronor, compared with a loss of 4.7 million kronor in the year-earlier period.

The normalized profit margin rose to negative 32.7% from negative 34.2% in the year-earlier period.

Total revenue grew 5.0% year over year to 14.4 million kronor from 13.7 million kronor, and total operating expenses rose from the prior-year period to 19.0 million kronor from 18.5 million kronor.

Reported net income came to a loss of 7.5 million kronor, or a loss of 83 öre per share, compared to a loss of 7.5 million kronor, or a loss of 92 öre per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 8.18 Swedish kronor.