B&C Speakers SpA said its first-quarter normalized net income came to €1.3 million, a gain of 17.0% from €1.1 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 14.3% from 12.5% in the year-earlier period.

Total revenue increased on an annual basis to €8.8 million from €8.6 million, and total operating expenses totaled €6.9 million, compared with €6.9 million in the prior-year period.

Reported net income came to €1.3 million, compared with €1.1 million in the year-earlier period.