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Skåne-möllan Q2 profit falls YOY

Skåne-möllan AB said its second-quarter normalized net income came to 85 Swedish öre per share, a decrease of 16.7% from 1.02 kronor per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 937,500 kronor, a decline of 16.7% from 1.1 million kronor in the year-earlier period.

The normalized profit margin fell to 2.3% from 2.7% in the year-earlier period.

Total revenue decreased on an annual basis to 40.8 million kronor from 41.7 million kronor, and total operating expenses decreased year over year to 39.6 million kronor from 40.4 million kronor.

Reported net income declined 21.4% from the prior-year period to 1.1 million kronor, or 1 krona per share, from 1.4 million kronor, or 1.27 kronor per share.

As of Aug. 23, US$1 was equivalent to 8.36 Swedish kronor.