Valsoia SpA said its normalized net income for the third quarter came to €3.0 million, compared with €3.0 million in the year-earlier period.

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

The normalized profit margin climbed to 10.3% from 10.2% in the year-earlier period.

Total revenue came to €29.4 million, compared with €29.6 million in the year-earlier period, and total operating expenses decreased year over year to €24.4 million from €24.7 million.

Reported net income totaled €3.3 million, compared with €3.2 million in the year-earlier period.