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Karelia Tobacco Q1 profit climbs 19.2% YOY

Karelia Tobacco Co. Inc. said its normalized net income for the first quarter amounted to €5.82 per share, a gain of 19.2% from €4.88 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €16.1 million, a gain of 19.2% from €13.5 million in the year-earlier period.

The normalized profit margin was 8.0%.

Reported net income rose 29.6% year over year to €20.6 million, or €7.47 per share, from €15.9 million, or €5.77 per share.