S.T. Dupont SA said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was €1.1 million, a decrease of 29.2% from €1.5 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 5.8% from 7.5% in the year-earlier period.
Total revenue decreased 8.5% year over year to €18.3 million from €20.0 million, and total operating expenses declined 9.0% on an annual basis to €16.2 million from €17.8 million.
Reported net income totaled €1.7 million, compared with €2.3 million in the prior-year period.
