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Götenehus Group Q1 profit climbs YOY

4984767 said its normalized net income for the first quarter amounted to 3 Swedish öre per share, an increase from 1 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 2.5 million kronor, a gain from 937,500 kronor in the year-earlier period.

The normalized profit margin increased to 1.7% from 0.8% in the year-earlier period.

Total revenue rose 21.8% on an annual basis to 150.2 million kronor from 123.3 million kronor, and total operating expenses increased 21.9% on an annual basis to 144.6 million kronor from 118.6 million kronor.

eported net income increased year over year to 3.6 milli Götenehus Group AB.