trending Market Intelligence /marketintelligence/en/news-insights/trending/9nQOvYKkT_gAqyC4XTsHzg2 content esgSubNav
In This List

Lexington Co. Q1 profit climbs YOY

Video

According to Market Intelligence, February 2023

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

The Cobalt Expansion Drive Is A Copper Story


Lexington Co. Q1 profit climbs YOY

Lexington Co. AB said its normalized net income for the first quarter came to 24 Swedish öre per share, a gain from 5 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million kronor, a gain from 211,250 kronor in the year-earlier period.

The normalized profit margin climbed to 1.8% from 0.4% in the year-earlier period.

Total revenue climbed 13.1% year over year to 65.1 million kronor from 57.5 million kronor, and total operating expenses rose 10.7% on an annual basis to 63.2 million kronor from 57.1 million kronor.

Reported net income came to 953,000 kronor, or 20 öre per share, compared to a loss of 397,000 kronor, or a loss of 9 öre per share, in the year-earlier period.

As of May 29, US$1 was equivalent to 8.54 Swedish kronor.