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MATAS fiscal Q2 profit climbs YOY

MATAS A/S its normalized net income for the fiscal second quarter ended Sept. 30 came to 1.38 Danish kroner per share, a gain of 5.0% from 1.31 kroner per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 55.9 million kroner, a gain from 53.3 million kroner in the prior-year period.

The normalized profit margin increased to 7.0% from 6.8% in the year-earlier period.

Total revenue climbed year over year to 792.6 million kroner from 779.1 million kroner, and total operating expenses came to 686.3 million kroner, compared with 682.4 million kroner in the year-earlier period.

Reported net income totaled 65.8 million kroner, or 1.62 kroner per share, compared to 66.3 million kroner, or 1.63 kroner per share, in the year-earlier period.

As of Nov. 18, US$1 was equivalent to 5.94 Danish kroner.