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Skåne-möllan Q3 profit falls YOY

Skåne-möllan AB said its third-quarter normalized net income came to 1.99 Swedish kronor per share, a decline of 14.6% from 2.33 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 2.2 million kronor, a decline of 14.6% from 2.6 million kronor in the prior-year period.

The normalized profit margin declined to 5.3% from 6.5% in the year-earlier period.

Total revenue grew on an annual basis to 41.3 million kronor from 39.6 million kronor, and total operating expenses rose 7.2% from the prior-year period to 38.5 million kronor from 35.9 million kronor.

Reported net income fell 12.9% from the prior-year period to 2.7 million kronor, or 2.45 kronor per share, from 3.1 million kronor, or 2.82 kronor per share.

As of Oct. 27, US$1 was equivalent to 9.05 Swedish kronor.