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Lexington Co. Q3 profit climbs YOY

Lexington Co. AB said its normalized net income for the third quarter was 1.04 Swedish kronor per share, an increase from 51 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.1 million kronor, a gain from 2.5 million kronor in the prior-year period.

The normalized profit margin climbed to 6.3% from 3.4% in the year-earlier period.

Total revenue grew 8.3% year over year to 80.3 million kronor from 74.1 million kronor, and total operating expenses increased on an annual basis to 72.6 million kronor from 70.8 million kronor.

Reported net income grew from the prior-year period to 7.2 million kronor, or 1.47 kronor per share, from 3.3 million kronor, or 68 öre per share.

As of Nov. 15, US$1 was equivalent to 9.19 Swedish kronor.