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Strax Q2 profit climbs YOY

4999016 said its normalized net income for the second quarter came to 385,770 kronor, a gain from 5,240 kronor in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 1.7% from 0.0% in the year-earlier period.

Total revenue grew 16.1% year over year to 20.1 million kronor from 17.3 million kronor, and total operating expenses rose 13.0% year over year to 19.2 million kronor from 17.0 million kronor.

Reported net income came to 420,700 kronor, or 0 öre per share, compared to a loss of 72,700 kronor, or a loss of 0 öre per share, in the year-earlier period.

s of Aug. 30, US$1 was equivalent to 8.55 Swedish kronor.Strax AB (publ)

4999016 said its normalized net income for the second quarter came to 385,770 kronor, a gain from 5,240 kronor in the year-earlier period.