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Jumbo SA fiscal Q1 profit climbs 9.4% YOY

Jumbo SA said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 12 euro cents per share, a gain of 9.3% from 11 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €16.0 million, a gain of 9.4% from €14.6 million in the prior-year period.

The normalized profit margin dropped to 11.0% from 11.1% in the year-earlier period.

Total revenue grew 10.9% on an annual basis to €145.5 million from €131.2 million, and total operating expenses rose 10.3% from the prior-year period to €121.1 million from €109.8 million.

Reported net income grew 10.8% on an annual basis to €20.0 million, or 15 cents per share, from €18.1 million, or 13 cents per share.