Harboes Bryggeri A/S said its normalized net income for the fiscal first quarter ended July 31 amounted to 1.97 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 1.57 kroner per share.
EPS increased 84.9% year over year from 1.06 kroner.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.9 million kroner, an increase of 68.0% from 5.9 million kroner in the year-earlier period.
The normalized profit margin climbed to 2.5% from 1.5% in the year-earlier period.
Total revenue came to 392.1 million kroner, compared with 393.0 million kroner in the year-earlier period, and total operating expenses decreased year over year to 375.0 million kroner from 382.3 million kroner.
Reported net income grew 57.0% from the prior-year period to 11.9 million kroner, or 2.35 kroner per share, from 7.6 million kroner, or 1.36 kroner per share.
As of Sept. 25, US$1 was equivalent to 5.83 Danish kroner.
