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Skåne-möllan profit holds steady YOY in Q1

Skåne-möllan AB said its normalized net income for the first quarter was 1.25 Swedish kronor per share, compared with 1.25 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 1.4 million kronor, compared with 1.4 million kronor in the prior-year period.

The normalized profit margin held steady at 3.6% year over year.

Total revenue held steady year over year at 37.9 million kronor, and total operating expenses totaled 36.2 million kronor, compared with 36.3 million kronor in the prior-year period.

Reported net income held steady year over year at 1.7 million kronor, or 1.55 kronor per share.

As of April 22, US$1 was equivalent to 8.73 Swedish kronor.