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Gabriel Holding fiscal Q3 profit climbs 50.5% YOY

Gabriel Holding A/S said its normalized net income for the fiscal third quarter ended June 30 came to 6.1 million kroner, a rise of 50.5% from 4.0 million kroner in the prior-year period.

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

The normalized profit margin climbed to 6.1% from 4.6% in the year-earlier period.

Total revenue rose 12.4% year over year to 99.2 million kroner from 88.3 million kroner, and total operating expenses grew 9.6% on an annual basis to 90.3 million kroner from 82.5 million kroner.

Reported net income came to 8.2 million kroner, compared with 5.2 million kroner in the year-earlier period.

As of Aug. 24, US$1 was equivalent to 6.62 Danish kroner.