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DONG Energy Q1 profit falls YOY

Dong Energy A/S said its normalized net income for the first quarter came to 3.22 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 3.16 kroner per share.

EPS decreased 42.7% year over year from 5.62 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.35 billion kroner, a decline of 43.0% from 2.37 billion kroner in the prior-year period.

The normalized profit margin fell to 7.8% from 13.4% in the year-earlier period.

Total revenue fell year over year to 17.43 billion kroner from 17.66 billion kroner, and total operating expenses grew on an annual basis to 14.93 billion kroner from 14.35 billion kroner.

Reported net income decreased 69.7% year over year to 1.69 billion kroner, or 4.01 kroner per share, from 5.56 billion kroner, or 13.19 kroner per share.

As of April 27, US$1 was equivalent to 6.84 Danish kroner.