Bonava AB said its third-quarter normalized net income came to 1.08 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 39 öre per share.
EPS increased 97.7% year over year from 55 öre.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 116.9 million kronor, an increase of 97.7% from 59.1 million kronor in the prior-year period.
The normalized profit margin climbed to 5.0% from 2.8% in the year-earlier period.
Total revenue climbed 9.4% on an annual basis to 2.33 billion kronor from 2.13 billion kronor, and total operating expenses climbed 6.3% from the prior-year period to 2.07 billion kronor from 1.95 billion kronor.
Reported net income rose 64.5% from the prior-year period to 125.0 million kronor, or 1.15 kronor per share, from 76.0 million kronor, or 70 öre per share.
As of Nov. 8, US$1 was equivalent to 9.01 Swedish kronor.