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Schouw & Co. profit beats consensus by 16.3% in Q2

Aktieselskabet Schouw & Co. said its normalized net income for the second quarter was 6.47 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 5.56 kroner per share.

EPS increased 50.7% year over year from 4.29 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 153.9 million kroner, a gain of 51.5% from 101.6 million kroner in the year-earlier period.

The normalized profit margin increased to 4.6% from 3.3% in the year-earlier period.

Total revenue climbed 8.6% year over year to 3.37 billion kroner from 3.10 billion kroner, and total operating expenses rose 6.9% from the prior-year period to 3.16 billion kroner from 2.95 billion kroner.

Reported net income increased 50.1% year over year to 192.3 million kroner, or 8.08 kroner per share, from 128.1 million kroner, or 5.41 kroner per share.

As of Aug. 11, US$1 was equivalent to 6.65 Danish kroner.