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Piquadro fiscal Q2 profit climbs 23.3% YOY

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Piquadro fiscal Q2 profit climbs 23.3% YOY

Piquadro SpA said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3 euro cents per share, a gain of 32.6% from 2 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 €1.5 million, a gain of 23.3% from €1.2 million in the year-earlier period.

The normalized profit margin climbed to 7.3% from 6.8% in the year-earlier period.

Total revenue increased 8.7% year over year to €19.4 million from €17.8 million, and total operating expenses increased 7.9% on an annual basis to €16.8 million from €15.6 million.

Reported net income rose 18.5% year over year to €1.5 million, or 3 cents per share, from €1.3 million, or 2 cents per share.