Dustin Group AB said its normalized net income for the fiscal first quarter ended Nov. 30 amounted to 97 Swedish öre per share, an increase of 17.8% from 83 öre per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.3 million kronor, a decline from 32.6 million kronor in the year-earlier period.
The normalized profit margin fell to 1.5% from 1.8% in the year-earlier period.
Total revenue grew 13.4% on an annual basis to 2.07 billion kronor from 1.82 billion kronor, and total operating expenses grew 14.1% year over year to 1.99 billion kronor from 1.74 billion kronor.
Reported net income increased from the prior-year period to 31.5 million kronor, or 95 öre per share, from 3.9 million kronor, or 10 öre per share.
As of Dec. 19, US$1 was equivalent to 7.72 Swedish kronor.
