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AS Co. Q1 profit climbs 86.1% YOY

AS Co. SA said its normalized net income for the first quarter came to 6 euro cents per share, an increase of 86.0% from 3 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 €722,080, an increase of 86.1% from €388,080 in the prior-year period.

The normalized profit margin climbed to 12.5% from 7.4% in the year-earlier period.

Total revenue increased 10.0% year over year to €5.8 million from €5.2 million, and total operating expenses came to €4.6 million, compared with €4.6 million in the prior-year period.

Reported net income grew 83.6% year over year to €841,990, or 6 cents per share, from €458,680, or 4 cents per share.