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WASGAU Produktions & Handels Q3 profit climbs YOY

WASGAU Produktions & Handels AG said its normalized net income for the third quarter amounted to 17 euro cents per share, a gain from 8 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.1 million, an increase from €451,750 in the year-earlier period.

The normalized profit margin climbed to 0.9% from 0.4% in the year-earlier period.

Total revenue grew 6.0% on an annual basis to €131.0 million from €123.7 million, and total operating expenses grew 5.2% on an annual basis to €128.6 million from €122.2 million.

Reported net income increased on an annual basis to €1.2 million, or 17 cents per share, from €433,000, or 7 cents per share.