trending Market Intelligence /marketintelligence/en/news-insights/trending/1Rp-eY0exy42gtfYI581ig2 content esgSubNav
In This List

Axkid AB swings to profit in H1

Blog

Expand Your Perspective: Intelligence

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices


Axkid AB swings to profit in H1

Axkid AB said its first-half normalized net income came to 20,000 kronor, compared with a loss of 1.2 million kronor in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew 47.0% year over year to 19.3 million kronor from 13.1 million kronor, and total operating expenses grew 33.3% year over year to 19.8 million kronor from 14.8 million kronor.

Reported net income came to 18,000 kronor, or 0 öre per share, compared to a loss of 1.5 million kronor, or a loss of 21 öre per share, in the year-earlier period.

As of Aug. 24, US$1 was equivalent to 8.41 Swedish kronor.