Piquadro SpA said its normalized net income for the fiscal second quarter ended Sept. 30 was 3 euro cents per share, compared with 3 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 €1.4 million, compared with €1.4 million in the year-earlier period.

The normalized profit margin fell to 6.7% from 7.3% in the year-earlier period.

Total revenue rose year over year to €20.0 million from €19.4 million, and total operating expenses rose 5.0% on an annual basis to €17.8 million from €16.9 million.

Reported net income totaled €1.5 million, or 3 cents per share, compared to €1.5 million, or 3 cents per share, in the prior-year period.