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Strax Q3 profit climbs 66.2% YOY

4999016 said its normalized net income for the third quarter came to 1.2 million kronor, a rise of 66.2% from 750,930 kronor in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 5.1% from 3.4% in the year-earlier period.

Total revenue increased 10.6% on an annual basis to 24.6 million kronor from 22.3 million kronor, and total operating expenses rose 7.4% year over year to 22.4 million kronor from 20.8 million kronor.

Reported net income grew 26.4% year over year to 1.4 million kronor, or 1 öre per share, from 1.1 million kronor, or 1 öre per share.

s of Nov. 29, US$1 was equivalent to 9.20 Swedish kronor.Strax AB (publ)

4999016 said its normalized net income for the third quarter came to 1.2 million kronor, a rise of 66.2% from 750,930 kronor in the year-earlier period.