SANTERAMO IN COLLE, Italy (AP) _ Natuzzi SpA (NTZ) on Friday reported first-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.
The Santeramo In Colle, Italy-based company said it had net income of 66 cents per share.
The furniture maker posted revenue of $122.4 million in the period.
Natuzzi shares have risen 28% since the beginning of the year. In the final minutes of trading on Friday, shares hit $16.01, climbing twenty-twofold in the last 12 months.
The Associated Press