Clas Ohlson AB said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to 1.50 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.72 kronor per share.
EPS increased 20.7% year over year from 1.24 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 94.8 million kronor, a gain of 20.9% from 78.4 million kronor in the year-earlier period.
The normalized profit margin rose to 5.2% from 4.7% in the year-earlier period.
Total revenue increased 8.1% on an annual basis to 1.81 billion kronor from 1.68 billion kronor, and total operating expenses grew 7.2% from the prior-year period to 1.66 billion kronor from 1.55 billion kronor.
Reported net income rose 23.0% on an annual basis to 115.7 million kronor, or 1.83 kronor per share, from 94.1 million kronor, or 1.49 kronor per share.
As of Dec. 9, US$1 was equivalent to 7.50 Swedish kronor.
