ZEAL Network SE said its first-quarter normalized net income amounted to 98 euro cents per share, a gain from 8 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €8.2 million, a gain from €451,880 in the year-earlier period.
The normalized profit margin increased to 23.5% from 1.5% in the year-earlier period.
Total revenue increased 13.3% on an annual basis to €34.9 million from €30.8 million, and total operating expenses decreased 27.0% on an annual basis to €22.8 million from €31.2 million.
Reported net income increased from the prior-year period to €9.5 million, or €1.13 per share, from €136,000, or 2 cents per share.
