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Verkkokauppa.com Q1 profit climbs 25.6% YOY

Verkkokauppa.com Oyj said its first-quarter normalized net income was 3 euro cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

EPS increased 26.9% year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.5 million, a gain of 25.6% from €1.2 million in the prior-year period.

The normalized profit margin rose to 1.8% from 1.6% in the year-earlier period.

Total revenue grew 14.6% on an annual basis to €83.5 million from €72.9 million, and total operating expenses rose 14.3% year over year to €81.1 million from €71.0 million.

Reported net income came to €1.4 million, or 3 cents per share, compared to a loss of €2.4 million, or a loss of 5 cents per share, in the year-earlier period.