Döhler SA said its normalized net income for the second quarter amounted to 4 Brazilian centavos per share, a decline of 33.6% from 6 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.5 million reais, a decline of 33.6% from 3.7 million reais in the prior-year period.

The normalized profit margin dropped to 2.3% from 4.2% in the year-earlier period.

Total revenue increased 19.4% year over year to 105.6 million reais from 88.5 million reais, and total operating expenses grew 21.5% year over year to 100.8 million reais from 82.9 million reais.

Reported net income decreased 45.5% from the prior-year period to 2.7 million reais, or 4 centavos per share, from 4.9 million reais, or 8 centavos per share.

As of Aug. 12, US$1 was equivalent to 3.16 reais.