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Odd Molly Q1 profit climbs YOY

Odd Molly International AB said its first-quarter normalized net income amounted to 1.05 Swedish kronor per share, an increase from 39 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.0 million kronor, an increase from 2.2 million kronor in the year-earlier period.

The normalized profit margin increased to 6.0% from 2.7% in the year-earlier period.

Total revenue climbed 21.6% on an annual basis to 100.7 million kronor from 82.8 million kronor, and total operating expenses increased 15.0% on an annual basis to 91.2 million kronor from 79.3 million kronor.

Reported net income increased year over year to 7.7 million kronor, or 1.33 kronor per share, from 2.5 million kronor, or 44 öre per share.

As of April 29, US$1 was equivalent to 8.32 Swedish kronor.