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DO & CO fiscal Q1 profit climbs 78.2% YOY

DO & CO AG said its normalized net income for the fiscal first quarter ended June 30 was 71 euro cents per share, a gain of 78.2% from 40 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 €6.9 million, a gain of 78.2% from €3.9 million in the prior-year period.

The normalized profit margin increased to 3.7% from 2.4% in the year-earlier period.

Total revenue rose 17.0% year over year to €189.4 million from €161.9 million, and total operating expenses rose 14.5% on an annual basis to €181.9 million from €158.8 million.

Reported net income grew 77.6% from the prior-year period to €9.1 million, or 93 cents per share, from €5.1 million, or 53 cents per share.