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Geox Q1 profit climbs 16.9% YOY

Geox SpA said its normalized net income for the first quarter came to 5 euro cents per share, a gain of 17.2% from 4 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 €11.6 million, an increase of 16.9% from €9.9 million in the prior-year period.

The normalized profit margin climbed to 4.1% from 3.7% in the year-earlier period.

Total revenue climbed on an annual basis to €281.0 million from €268.5 million, and total operating expenses rose from the prior-year period to €260.1 million from €251.1 million.

Reported net income grew 24.6% from the prior-year period to €12.5 million, or 5 cents per share, from €10.0 million, or 4 cents per share.