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SinnerSchrader fiscal Q1 profit climbs YOY

SinnerSchrader AG said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was 5 euro cents per share, a gain from 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 €522,070, a gain from €170,290 in the year-earlier period.

The normalized profit margin climbed to 4.1% from 1.4% in the year-earlier period.

Total revenue rose year over year to €12.8 million from €12.4 million, and total operating expenses decreased on an annual basis to €12.0 million from €12.1 million.

Reported net income rose on an annual basis to €577,430, or 5 cents per share, from €114,010, or 1 cents per share.