Les Hôtels Baverez SA said its third-quarter normalized net income was €957,760, a gain from €383,370 in the prior-year period.

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

The normalized profit margin increased to 11.4% from 5.1% in the year-earlier period.

Total revenue climbed 12.1% year over year to €8.4 million from €7.5 million, and total operating expenses fell year over year to €6.9 million from €7.0 million.

Reported net income totaled €596,450, compared with €811,920 in the year-earlier period.