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Duni AB Q2 profit falls YOY

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Duni AB Q2 profit falls YOY

Duni AB said its normalized net income for the second quarter came to 1.20 Swedish kronor per share, a decrease from 1.21 kronor per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 56.3 million kronor, a decrease from 56.9 million kronor in the prior-year period.

The normalized profit margin fell to 5.6% from 6.2% in the year-earlier period.

Total revenue climbed 8.7% year over year to 1.00 billion kronor from 922.0 million kronor, and total operating expenses increased 9.4% year over year to 906.0 million kronor from 828.0 million kronor.

Reported net income grew on an annual basis to 67.7 million kronor, or 1.44 kronor per share, from 65.8 million kronor, or 1.40 kronor per share.

As of July 10, US$1 was equivalent to 8.40 Swedish kronor.