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Cafom profit misses consensus by 65.9% in fiscal year

Centrale d'Achat Française pour l'Outre-Mer Société Anonyme said its normalized net income for the fiscal full year ended Sept. 30, 2015, amounted to 20 euro cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS rose year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.9 million, a gain from €230,880 in the year-earlier period.

The normalized profit margin dropped to negative 0.6% from 0.1% in the year-earlier period.

Total revenue rose year over year to €384.5 million from €371.3 million, and total operating expenses increased year over year to €377.8 million from €369.1 million.

Reported net income totaled a loss of €375,050, or a loss of 4 cents per share, compared to a loss of €126,000, or a loss of 2 cents per share, in the prior-year period.