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Emak Q1 profit climbs 15.8% YOY

Emak SpA said its normalized net income for the first quarter was 4 euro cents per share, an increase of 15.5% from 4 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 €6.9 million, a gain of 15.8% from €6.0 million in the year-earlier period.

The normalized profit margin increased to 6.3% from 5.7% in the year-earlier period.

Total revenue grew year over year to €109.8 million from €105.8 million, and total operating expenses grew from the prior-year period to €98.5 million from €95.3 million.

Reported net income increased 13.8% year over year to €6.9 million, or 4 cents per share, from €6.1 million, or 4 cents per share.