AB Snaige said its third-quarter normalized net income was 2 euro cents per share, a gain of 21.8% from 1 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 €628,850, an increase of 21.8% from €516,200 in the prior-year period.
The normalized profit margin increased to 5.0% from 3.6% in the year-earlier period.
Total revenue decreased 11.5% year over year to €12.6 million from €14.3 million, and total operating expenses declined 13.5% from the prior-year period to €11.6 million from €13.4 million.
Reported net income grew 21.8% from the prior-year period to €1.0 million, or 3 cents per share, from €825,920, or 2 cents per share.