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Egetí¦pper fiscal Q3 profit falls YOY

egetæpper a/s said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to 2.30 Danish kroner per share, a decline of 52.2% from 4.82 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 6.0 million kroner, a decrease of 52.1% from 12.6 million kroner in the year-earlier period.

The normalized profit margin dropped to 2.7% from 6.2% in the year-earlier period.

Total revenue climbed 9.8% year over year to 223.6 million kroner from 203.7 million kroner, and total operating expenses rose 16.1% year over year to 209.6 million kroner from 180.6 million kroner.

Reported net income decreased 50.8% on an annual basis to 7.5 million kroner, or 2.86 kroner per share, from 15.2 million kroner, or 5.82 kroner per share.

As of March 12, US$1 was equivalent to 7.02 Danish kroner.