Mekonomen Q1 Net Profit Up 13%

Mekonomen AB reported a 13% rise in its net profit in the first quarter. Mekonomen's net sales surged 25% to SEK1.01 billion, from SEK838 million, in the year-ago period. Its EBIT climbed 16% to SEK111 million from SEK95 million. Its net profit gained 13% to SEK75 million from SEK67 million.