Kitron ASA today reported strong revenue growth and improved profitability for the first quarter.
Kitron's revenue in the first quarter amounted to NOK 585 million, compared to 497 million in the same quarter last year. Operating profit (EBIT) was NOK 30.9 million, compared 20.5 million last year.
Net profit amounted to NOK 21.6 million, an increase from 10.0 million. This corresponds to earnings per share of NOK 0.12, compared to NOK 0.06 last year.
Peter Nilsson, Kitron's CEO, comments:
"While growth, both on the top and bottom line, was unusually strong this particular quarter, the main message is that the
Kitron's revenue in the first quarter amounted to NOK 585 million, compared to 497 million in the same quarter last year. Operating profit (EBIT) was NOK 30.9 million, compared 20.5 million last year.
Net profit amounted to NOK 21.6 million, an increase from 10.0 million. This corresponds to earnings per share of NOK 0.12, compared to NOK 0.06 last year.
Peter Nilsson, Kitron's CEO, comments:
"While growth, both on the top and bottom line, was unusually strong this particular quarter, the main message is that the
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