Dantax A/S said its normalized net income for the fiscal first quarter ended Sept. 30 came to 1.26 Danish kroner per share, a gain from 14 øre per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 373,750 kroner, a gain from 43,130 kroner in the prior-year period.
The normalized profit margin rose to 3.4% from 0.3% in the year-earlier period.
Total revenue fell 15.8% year over year to 11.0 million kroner from 13.0 million kroner, and total operating expenses declined 18.5% year over year to 10.8 million kroner from 13.3 million kroner.
Reported net income rose on an annual basis to 564,000 kroner, or 1.90 kroner per share, from 122,000 kroner, or 40 øre per share.
As of Oct. 28, US$1 was equivalent to 5.84 Danish kroner.
