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RTX A/S profit holds mostly steady YOY in fiscal Q1

RTX A/S said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 87 Danish øre per share, a decline from 88 øre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.9 million kroner, compared with 7.9 million kroner in the prior-year period.

The normalized profit margin fell to 8.6% from 10.3% in the year-earlier period.

Total revenue climbed 19.2% year over year to 91.8 million kroner from 77.1 million kroner, and total operating expenses grew 21.1% on an annual basis to 79.8 million kroner from 65.8 million kroner.

Reported net income totaled 12.7 million kroner, or 1.40 kroner per share, compared to 12.6 million kroner, or 1.40 kroner per share, in the year-earlier period.

As of Jan. 26, US$1 was equivalent to 6.88 Danish kroner.