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MARR SpA Q1 profit climbs YOY

MARR S.p.A. said its first-quarter normalized net income was 8 euro cents per share, a gain from 7 cents 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, a gain from €4.9 million in the prior-year period.

The normalized profit margin climbed to 1.8% from 1.7% in the year-earlier period.

Total revenue rose year over year to €288.0 million from €283.4 million, and total operating expenses rose from the prior-year period to €277.8 million from €273.5 million.

Reported net income came to €5.3 million, or 8 cents per share, compared to €5.3 million, or 8 cents per share, in the prior-year period.