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.
