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Honkarakenne posts Q3 profit

Honkarakenne Oyj said its normalized net income for the third quarter came to €562,500.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.0%.

Total revenue fell year over year to €11.3 million from €11.6 million, and total operating expenses declined 11.1% from the prior-year period to €10.4 million from €11.7 million.

Reported net income increased year over year to €700,000, or 14 cents per share, from €48,470, or 1 cents per share.