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Restamax Oyj profit beats consensusin Q1

Restamax Oyj said its first-quarter normalized net income amounted to €536,000, an increase from €77,160 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.2% from 0.5% in the year-earlier period.

Total revenue rose 53.6% year over year to €24.5 million from €15.9 million, and total operating expenses increased 49.5% year over year to €23.7 million from €15.8 million.

Reported net income increased on an annual basis to €637,900, or 4 cents per share, from €101,700, or 1 cents per share.