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KappAhl profit beats consensusin fiscal Q2

KappAhl AB (publ) said its normalized net income for the fiscal second quarter ended Feb. 29 was 24 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of 11 öre per share.

EPS rose year over year from 5 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 18.1 million kronor, an increase from 3.8 million kronor in the year-earlier period.

The normalized profit margin climbed to 1.6% from 0.3% in the year-earlier period.

Total revenue declined year over year to 1.12 billion kronor from 1.13 billion kronor, and total operating expenses declined year over year to 1.08 billion kronor from 1.12 billion kronor.

Reported net income came to 13.8 million kronor, or 18 öre per share, compared to a loss of 3.0 million kronor, or a loss of 4 öre per share, in the prior-year period.

As of April 14, US$1 was equivalent to 8.13 Swedish kronor.