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Geox Q2 loss narrows YOY

Geox SpA said its second-quarter normalized net income was a loss of 4 euro cents per share, compared with a loss of 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €9.5 million, compared with a loss of €11.9 million in the year-earlier period.

The normalized profit margin climbed to negative 6.5% from negative 9.0% in the year-earlier period.

Total revenue rose 10.8% on an annual basis to €145.9 million from €131.7 million, and total operating expenses rose 7.0% on an annual basis to €159.4 million from €149.0 million.

Reported net income came to a loss of €11.5 million, or a loss of 4 cents per share, compared to a loss of €13.9 million, or a loss of 5 cents per share, in the year-earlier period.