4914447 said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 4.0 million kroner, a decrease of 11.5% from 4.5 million kroner in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 5.1% from 6.3% in the year-earlier period.
Total revenue climbed 10.0% on an annual basis to 78.5 million kroner from 71.4 million kroner, and total operating expenses climbed 11.2% on an annual basis to 71.8 million kroner from 64.6 million kroner.
Reported net income came to 4.9 million kroner, compared with 5.7 million kroner in the year-earlier period.
s of Feb. 3, US$1 was equivalent to 6.50 Danish kroner.Gabriel Holding A/S
4914447 said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 4.0 million kroner, a decrease of 11.5% from 4.5 million kroner in the prior-year period.
