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Paragon Q1 profit climbs YOY

Paragon AG said its first-quarter normalized net income came to 15 euro cents per share, a gain from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €619,380, a gain from €90,000 in the prior-year period.

The normalized profit margin rose to 2.8% from 0.5% in the year-earlier period.

Total revenue climbed 15.8% year over year to €22.5 million from €19.4 million, and total operating expenses grew 16.9% on an annual basis to €22.3 million from €19.1 million.

Reported net income grew year over year to €781,810, or 19 cents per share, from €82,300, or 2 cents per share.