Bang & Olufsen Posts Q3 Net Profit

Denmark company Bang & Olufsen A/S posted a net profit in the fiscal third quarter and maintained its outlook for the full year. The company posted a quarterly net profit of DKK17.3 million, versus a year-ago loss of DKK31.9 million. Its sales climbed to DKK800 million from DKK674.5 million. The company's gross margin shrank to 39.9 percent from 42.7 percent.