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Adolfo Dominguez fiscal Q2 loss widens YOY

Adolfo Dominguez SA said its normalized net income for the fiscal second quarter ended Aug. 31 was a loss of 75 euro cents per share, compared with a loss of 36 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 a loss of €6.9 million, compared with a loss of €3.3 million in the prior-year period.

The normalized profit margin dropped to negative 23.7% from negative 9.6% in the year-earlier period.

Total revenue decreased 12.8% on an annual basis to €30.1 million from €34.5 million, and total operating expenses came to €40.3 million, compared with €40.0 million in the year-earlier period.

Reported net income totaled a loss of €11.0 million, or a loss of €1.21 per share, compared to a loss of €4.4 million, or a loss of 48 cents per share, in the prior-year period.