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Dantax fiscal-year profit falls YOY

Dantax A/S said its normalized net income for the fiscal full year ended June 30 amounted to 2.99 Danish kroner per share, a decline of 58.4% from 7.17 kroner per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.0 million kroner, a decline of 51.6% from 2.1 million kroner in the prior-year period.

The normalized profit margin dropped to 1.8% from 3.2% in the year-earlier period.

Total revenue fell 13.0% year over year to 56.8 million kroner from 65.3 million kroner, and total operating expenses fell 10.3% from the prior-year period to 55.4 million kroner from 61.7 million kroner.

Reported net income declined 50.7% year over year to 1.3 million kroner, or 3.82 kroner per share, from 2.7 million kroner, or 9.00 kroner per share.

As of Oct. 4, US$1 was equivalent to 6.67 Danish kroner.