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F.G. Europe Q4 loss widens 72.8% YOY

F.G. Europe SA said its fourth-quarter normalized net income was a loss of 2 euro cents per share, compared with a loss of 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 a loss of €1.1 million, compared with a loss of €638,880 in the prior-year period.

The normalized profit margin fell to negative 5.8% from negative 3.6% in the year-earlier period.

Total revenue grew 5.9% on an annual basis to €18.9 million from €17.9 million, and total operating expenses rose 6.9% on an annual basis to €19.5 million from €18.2 million.

Reported net income totaled a loss of €1.8 million, or a loss of 3 cents per share, compared to a loss of €433,000, or a loss of 1 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 2 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1 cents.

EPS was a loss of 6 cents in the prior year.

Normalized net income was €1.0 million, compared with a loss of €3.0 million in the prior year.

Full-year total revenue grew 30.9% on an annual basis to €95.2 million from €72.7 million, and total operating expenses grew 19.8% on an annual basis to €88.7 million from €74.0 million.

The company said reported net income totaled a loss of €37,000, or a loss of 0 cents per share, in the full year, compared with a loss of €3.6 million, or a loss of 7 cents per share, the prior year.