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HomeMaid Q3 profit climbs YOY

HomeMaid AB said its normalized net income for the third quarter amounted to 35 Swedish öre per share, a gain from 34 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.5 million kronor, a gain from 6.3 million kronor in the prior-year period.

The normalized profit margin fell to 7.1% from 7.5% in the year-earlier period.

Total revenue increased 9.3% year over year to 90.9 million kronor from 83.2 million kronor, and total operating expenses increased 10.2% from the prior-year period to 80.6 million kronor from 73.1 million kronor.

Reported net income grew from the prior-year period to 7.8 million kronor, or 43 öre per share, from 7.7 million kronor, or 42 öre per share.

As of Nov. 11, US$1 was equivalent to 9.09 Swedish kronor.