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SHS VIVEON swings to profit in Q1

SHS VIVEON AG said its normalized net income for the first quarter amounted to €3,580, compared with a loss of €160,960 in the year-earlier period.

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

The normalized profit margin rose to 0.1% from negative 2.6% in the year-earlier period.

Total revenue rose 11.6% year over year to €6.9 million from €6.2 million, and total operating expenses rose 6.9% from the prior-year period to €6.9 million from €6.4 million.

Reported net income came to €140, compared with a loss of €261,150, or a loss of 13 cents per share, in the year-earlier period.