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Leroy Seafood Q3 profit climbs YOY

4915003 said its third-quarter normalized net income amounted to 32 Norwegian øre per share, compared with the S&P Capital IQ consensus estimate of 34 øre per share.

EPS increased year over year from 12 øre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 175.0 million kroner, an increase from 67.4 million kroner in the prior-year period.

The normalized profit margin rose to 5.3% from 2.3% in the year-earlier period.

Total revenue climbed 11.2% year over year to 3.29 billion kroner from 2.96 billion kroner, and total operating expenses totaled 2.98 billion kroner, compared with 2.96 billion kroner in the year-earlier period.

Reported net income increased on an annual basis to 224.8 million kroner, or 41 øre per share, from 97.5 million kroner, or 18 øre per share.

s of Nov. 11, US$1 was equivalent to 8.61 Norwegian kroner.Leroy Seafood Group Asa

4915003 said its third-quarter normalized net income amounted to 32 Norwegian øre per share, compared with the S&P Capital IQ consensus estimate of 34 øre per share.