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ZEAL Network SE Q1 profit climbs YOY

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.