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Ahlers AG fiscal Q1 profit climbs YOY

Ahlers AG said its normalized net income for the fiscal first quarter ended Feb. 29 amounted to €3.1 million, a gain from €3.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 4.7% from 4.5% in the year-earlier period.

Total revenue fell on an annual basis to €66.2 million from €67.7 million, and total operating expenses fell on an annual basis to €61.1 million from €62.6 million.

Reported net income came to €3.5 million, compared with €3.4 million in the year-earlier period.