trending Market Intelligence /marketintelligence/en/news-insights/trending/WcGZgIR_fGHRWix9S7NZIA2 content esgSubNav
In This List

Dustin Group fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Dustin Group fiscal Q1 profit falls YOY

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.