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Liew Española SA Q1 profit climbs YOY

Liew Española SA said its normalized net income for the first quarter amounted to €1.3 million, a rise from €1.3 million in the year-earlier period.

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

The normalized profit margin declined to 4.9% from 5.2% in the year-earlier period.

Total revenue climbed 8.3% on an annual basis to €26.7 million from €24.7 million, and total operating expenses grew 8.9% from the prior-year period to €24.6 million from €22.6 million.

Reported net income came to €1.5 million, compared with €1.4 million in the year-earlier period.