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RNB Retail & Brands swings to profit in fiscal Q2

4911623 said its normalized net income for the fiscal second quarter ended Feb. 28 was 42 Swedish öre per share, compared with a loss of 3 öre per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 14.2 million kronor, compared with a loss of 1.1 million kronor in the year-earlier period.

The normalized profit margin rose to 2.5% from negative 0.2% in the year-earlier period.

Total revenue climbed 15.2% year over year to 578.2 million kronor from 501.7 million kronor, and total operating expenses climbed 12.2% from the prior-year period to 561.1 million kronor from 499.9 million kronor.

eported net income totaled 22.7 million kronor, or 67 öre pe RNB Retail & Brands AB