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Ibersol Q1 profit climbs YOY

4915712 said its normalized net income for the first quarter came to 8 euro cents per share, an increase from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.0 million, a gain from €599,990 in the prior-year period.

The normalized profit margin rose to 4.2% from 1.5% in the year-earlier period.

Total revenue increased 16.3% on an annual basis to €47.8 million from €41.1 million, and total operating expenses rose 12.3% year over year to €44.5 million from €39.6 million.

eported net income rose from the prior-year period to €2.4 million, or 9 cents per share, from €653,630, or 2 cents per share.Ibersol S.G.P.S. SA

4915712 said its normalized net income for the first quarter came to 8 euro cents per share, an increase from 2 cents per share in the prior-year period.