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Mahle Metal Leve profit beats consensus by 15.3% in Q1

4911206 said its first-quarter normalized net income amounted to 41 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 35 centavos per share.

EPS rose 17.5% year over year from 35 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 52.0 million reais, an increase of 17.5% from 44.3 million reais in the prior-year period.

The normalized profit margin rose to 9.0% from 7.8% in the year-earlier period.

Total revenue rose year over year to 579.4 million reais from 566.8 million reais, and total operating expenses came to 496.0 million reais, compared with 499.5 million reais in the prior-year period.

eported net income rose 5.9% on an annual ba Mahle Metal Leve S.A..