4911675 said its normalized net income for the first quarter was 5.40 reais per share, an increase of 21.1% from 4.46 reais per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.5 million reais, a gain of 21.2% from 2.0 million reais in the year-earlier period.
The normalized profit margin climbed to 57.5% from 37.5% in the year-earlier period.
Total revenue declined 21.1% on an annual basis to 4.3 million reais from 5.4 million reais, and total operating expenses decreased 19.5% from the prior-year period to 4.7 million reais from 5.8 million reais.
eported net income rose 21.0% on an annual b Bicicletas Monark SA.
