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Philippos Nakas fiscal Q2 profit falls YOY

Philippos Nakas SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 3 euro cents per share, a decline from 3 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 €183,710, a decline from €187,220 in the prior-year period.

The normalized profit margin declined to 3.2% from 3.4% in the year-earlier period.

Total revenue rose year over year to €5.7 million from €5.6 million, and total operating expenses climbed from the prior-year period to €5.4 million from €5.2 million.

Reported net income decreased 25.3% from the prior-year period to €204,330, or 3 cents per share, from €273,500, or 4 cents per share.