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Egetí¦pper fiscal Q2 profit climbs 36.7% YOY

egetæpper a/s said its normalized net income for the fiscal second quarter ended Oct. 31 was 3.25 Danish kroner per share, an increase of 36.7% from 2.38 kroner per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.5 million kroner, an increase of 36.7% from 6.2 million kroner in the year-earlier period.

The normalized profit margin rose to 4.1% from 3.1% in the year-earlier period.

Total revenue increased 5.2% year over year to 208.7 million kroner from 198.5 million kroner, and total operating expenses rose year over year to 192.3 million kroner from 185.6 million kroner.

Reported net income grew 31.4% on an annual basis to 9.5 million kroner, or 3.64 kroner per share, from 7.3 million kroner, or 2.77 kroner per share.

As of Dec. 15, US$1 was equivalent to 5.99 Danish kroner.