Dantax A/S said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 3.06 Danish kroner per share, an increase from 1.26 kroner per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 899,380 kroner, a gain from 371,880 kroner in the year-earlier period.
The normalized profit margin rose to 4.7% from 1.6% in the year-earlier period.
Total revenue fell 15.1% year over year to 19.2 million kroner from 22.6 million kroner, and total operating expenses fell 17.6% year over year to 17.7 million kroner from 21.5 million kroner.
Reported net income increased from the prior-year period to 998,000 kroner, or 3.40 kroner per share, from 325,000 kroner, or 1.10 kroner per share.
As of Feb. 25, US$1 was equivalent to 6.57 Danish kroner.
