Wulff-Yhtiöt Oyj said its normalized net income for the first quarter amounted to €215,500, a rise from €23,880 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 1.1% from 0.1% in the year-earlier period.
Total revenue decreased year over year to €19.2 million from €19.8 million, and total operating expenses fell on an annual basis to €19.0 million from €19.7 million.
Reported net income came to a loss of €90,000, or a loss of 1 cents per share, compared to income of €13,000, or 0 cents per share, in the prior-year period.
