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Gabriel Holding fiscal Q2 profit climbs 11.3% YOY

Gabriel Holding A/S said its normalized net income for the fiscal second quarter ended March 31 amounted to 5.8 million kroner, an increase of 11.3% from 5.2 million kroner in the year-earlier period.

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

Total revenue rose 14.6% year over year to 83.7 million kroner from 73.0 million kroner, and total operating expenses rose 14.8% year over year to 75.1 million kroner from 65.4 million kroner.

Reported net income totaled 7.2 million kroner, compared with 6.5 million kroner in the prior-year period.

As of May 12, US$1 was equivalent to 6.64 Danish kroner.