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KappAhl profit beats consensus by 27.2% in fiscal Q3

KappAhl AB (publ) said its normalized net income for the fiscal third quarter ended May 31 amounted to 84 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of 66 öre per share.

EPS rose year over year from 30 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 64.4 million kronor, a gain from 23.1 million kronor in the year-earlier period.

The normalized profit margin climbed to 5.4% from 2.0% in the year-earlier period.

Total revenue increased 5.6% year over year to 1.20 billion kronor from 1.13 billion kronor, and total operating expenses totaled 1.09 billion kronor, compared with 1.09 billion kronor in the prior-year period.

Reported net income increased on an annual basis to 89.1 million kronor, or 1.16 kronor per share, from 23.0 million kronor, or 30 öre per share.

As of June 30, US$1 was equivalent to 8.48 Swedish kronor.